What is The Difference Between Journalizing An Entry And Posting An Entry

Journalizing An Entry VS Posting An Entry

Here, we will make a comparison between Journalizing an Entry in the Journal and Posting An Entry in the Ledger.

1. In Journalizing an Entry, we record Business Transaction From Evidence Documents like Voucher or Invoice to Journal Chronologically (Date-Wise) while in Posting an Entry transferred Journal Entries to Ledger and it is called Posting and it takes place in Ledger of Business.

Note: Entry means recording Business Transactions in concerned Books of Accounts (Journal & Ledger).

              You Can Also Check Out, “Difference Between Journal And Journalizing”

2. Journalizing an Entry is called Journal Entry while Posting an Entry is known as Ledger Entry.

Also Check Out, “What is Journal Entry In Accounting”

3. For Example, Mr. A Sold Goods Worth Rs. 50000 For Cash.

The above is a Business Transaction and we this record this transaction in the Book or Journal of business in the form of Journal Entry as shown below:

                                                  Cash a/c 50000

                                                                 Sales a/c 50000

(Sold Goods For Cash Rs. 50000)

Now, we need to transfer this Journal Entry in the Cash and Sales’ Ledger of business that is posting an Entry in Ledgers of concerned Accounts as shown below:

  Mr. A Proprietorship

  Cash Account

  For The Month July, 2018

                         Rs.                                                                                      Rs.

Sales             50000

  Mr. A Proprietorship

  Sales Account

  For The Month July, 2018

                          Rs.                                                                                     Rs.

                                                                                        Cash                  50000

 

So, Journalizing an Entry or Journal Entry or Simply Journalizing is a process of recording Business Transactions in the Book of Business while Posting an Entry or Ledger Posting or Simply Posting or Ledger Entry is the process of transferring business transactions to the Ledgers of concerned Accounts of the business for the accounting period .