daily
Because voucher register has all the necessary records that found in the purchases journal and subsidiary accounts.
yes
to correct an error made in the journal ( prior to posting in the ledger)
transferring journal entries to ledger accounts
general journal to the general ledger...
daily
Because voucher register has all the necessary records that found in the purchases journal and subsidiary accounts.
yes
should be entered when posting to the ledger
A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. The general ledger account that summarizes a subsidiary ledger's account balances is called a control account or master account. For example, an accounts receivable subsidiary ledger (customers' subsidiary ledger) includes a separate account for each customer who makes credit purchases. The combined balance of every account in this subsidiary ledger equals the balance of accounts receivable in the general ledger. Posting a debit or credit to a subsidiary ledger account and also to a general ledger control account does not violate the rule that total debit and credit entries must balance because subsidiary ledger accounts are not part of the general ledger; they are supplemental accounts that provide the detail to support the balance in a control account.
to correct an error made in the journal ( prior to posting in the ledger)
transferring journal entries to ledger accounts
general journal to the general ledger...
Posting is recording in the ladgers information from journal. Posting is always from journal.
posting
Date
The purchase journal is posted to the general ledger by transferring the total amounts recorded in the purchase journal to the corresponding accounts in the general ledger, typically the accounts payable and inventory accounts. Each entry is recorded as a debit to the inventory account and a credit to the accounts payable account. This posting process usually occurs at the end of an accounting period, ensuring that all purchases are accurately reflected in the financial statements. Posting can be done manually or through accounting software, which automates the process for efficiency.