Question
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. |
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Auditing And Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
9th Edition
1266796851, 9781266796852
