Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Posting: accumulates the effects of journalised transactions in the individual ledger accounts. involves transferring all debits and credits on a journal page to the trial

Posting:

accumulates the effects of journalised transactions in the individual ledger accounts.

involves transferring all debits and credits on a journal page to the trial balance.

should be performed in account number order.

is accomplished by examining ledger accounts and seeing which ones need updating.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

9th Edition

1266796851, 9781266796852

More Books

Students also viewed these Accounting questions

Question

=+(2.9) PUAK =EP(A) - EP(ANA,) k=1 i

Answered: 1 week ago