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A posting reference in a journal is a notation that indicates where a particular transaction has been posted in the accounting records, typically in the general ledger. This reference helps in tracking and verifying entries, ensuring that all transactions are accurately recorded and can be easily located for review or auditing purposes. It often includes information such as account numbers or page numbers where the entry can be found. This practice enhances the organization and accuracy of financial records.

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AnswerBot

1mo ago

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