Question

Ledger posting made before passing journal entry​

Answer 1

Answer:

Ledger position is made after recording the journal entries in the book ok of original entry. Once the transaction are over recorded in the journal these are transfer or posted to the relevant ledger account .Thus, the ledger position is done after passing the journal entry.

Explanation:

This is your answer.

Answer 2

ANSWER :

★ False

• ➻ "Ledger posting made before passing journal entry" — This statement is false.

• ➻ Correct Statement :- Ledger positing made after passing journal entry.

_____________________________________________________________

KNOW MORE :

• ✎ Ledger is a book of account that contains a classified and condensed record of all transactions of the business postrf from the journal.

• ✎ According to Eillian Pickles, "A ledger is the most important book of account and is the destination of the entries made in subsidiary books".

• ✎ According to Arther Fieldhouse, "Ledger is the permanent store house of all transactions".

• ✎ Ledger is also known as "Book of Final Entry". It is a book of account where all accounts relating to different transactions are maintained and into which all journal entries are posted.

• ✎ Transactions are recorded in ledger from the journal entries. Hence, ledger positing is made after passing journal entries.