The process of copying the debits and credits from the journal to the ledger accounts is known as posting.
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Q21: Entering the account number in the Posting
Q22: Each entry in the journal affects two
Q23: A two-column journal has only two amount
Q24: An erasure may suggest that you are
Q25: A trial balance can only be accurately
Q27: The flow of financial data through the
Q28: After posting journal information to the ledger
Q29: The chart of accounts includes assets,liabilities,and owner's
Q30: Transactions which do not affect the cash
Q31: The general ledger is kept to supply
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