ACCOUNTING I Dersi Recording Process soru detayı:
SORU:
What do we mean by posting to ledger?
CEVAP:
Journal information for each transaction is simultaneously transferred to individual T-accounts in order to calculate the balances of each account used in the journal entry. This act is called posting and the ledger refers to the entire group of individual T-accounts. In short, posting refers the to transfer of the journal information to the appropriate individual T-accounts in the ledger.