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

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Question ajoutée par Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date de publication: 2015/06/25
Hari prasad Janardanan
par 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
par 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.

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