Question

3.What do you understand by posting.
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Answer 1

Answer:

the act of transferring an entry or item from a book of original entry to the proper account in a ledger. 2 : the record in a ledger account resulting from the transfer of an entry or item from a book of original entry. posting.

Explanation:

Answer 2

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Posting is the act of moving debit and credit account balances from individual journals to their corresponding ledgers. These ledgers are later used to create a trial balance used to generate the income statement, balance sheet, and other financial statements.

Answer 3

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Posting is the act of moving debit and credit account balances from individual journals to their corresponding ledgers. These ledgers are later used to create a trial balance used to generate the income statement, balance sheet, and other financial statements.

Answer 4

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Posting is the act of moving debit and credit account balances from individual journals to their corresponding ledgers. These ledgers are later used to create a trial balance used to generate the income statement, balance sheet, and other financial statements.