Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

The process of transferring journal entry information to the ledger is called: -?

user-image
Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/06/25
Hari prasad Janardanan
by Hari prasad Janardanan , Accountant , Global Emirates Services Co LLC

The Process of transfering journal entries to the ledger is called :- POSTING , once journal gets posted it can be viewed in the ledger, and after posting the entries only it will be hitting in the P & L and Balnce sheet schedules.

Thanks

Hariprasad.

0508230923

Adel BENFIALA
by Adel BENFIALA , Central Administration Inspector , Ministry of Housing, Urban Planning and the City

The process is called Balancing, because we use the ledger for seeing the balance of accounts.

More Questions Like This