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a machine that records detailed transactions on a unit record ledger card. The balance associated with each transaction is summed and stored on a magnetic strip on the card. The machine can read all of the updated ledger cards very quickly to pick up the ledger balances and sum them into a totaling device.
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∙ 10y ago
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What are the rules for posting into a general ledger?
The rules of posting into a general ledger are simple. Keep track of expenses in one part of the ledger and keep track of credits in another part.
The process of posting is associated most closely with the?
transferring journal entries to ledger accounts
What items go directly to the general ledger without sub ledger posting?
accrued accounts
When posting to the general ledger is drawings always debited?
yes
When are posting from the purchases journal to the subsidiary ledger made?
daily
Posting reference on the journal should be?
should be entered when posting to the ledger
What are the rules for posting into a general ledger?
The rules of posting into a general ledger are simple. Keep track of expenses in one part of the ledger and keep track of credits in another part.
The process of posting is associated most closely with the?
transferring journal entries to ledger accounts
What items go directly to the general ledger without sub ledger posting?
accrued accounts
When are posting from the purchase journal to the subsidiary ledger made?
daily
When posting to the general ledger is drawings always debited?
yes
When are posting from the purchases journal to the subsidiary ledger made?
daily
Posting is performed by transferring information from the?
general journal to the general ledger...
The posting reference should always be recorded in the journals post reference column before amounts are recorded in the ledger?
I always did the ledger first and then went from ledger to journal.
The process of transferring the debits and credits from the journal to the ledger accounts is called?
posting
How do you begin posting to the ledger accounts?
I would post first all assets
How do you correct in the journal?
to correct an error made in the journal ( prior to posting in the ledger)
