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Showing posts with the label What is Posting In accounting

What is Posting - Definition - Examples - 5 Steps In Posting (In Order of Sequence)

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Posting is the process of transferring  Different Types / Kinds of Accounts from Journal to Ledger . It is done in Ledger. For example, Mr. A sold goods worth Rs. 10000 to Mr. B on Credit Basis or on Account, then it is posted to Subsidiary Ledgers of Accounts Receivable Subsidiary Ledger and Sales Day Book / Ledger . This process of transferring accounts from Journal to Accounts Receivable Ledger and Sales Day Book is called posting. The Format Of Ledger (T-Account Format) Mr. A For The Accounting Period Ended on 31 st July, 2018 Date         Particulars    J/R     Amount     Date          Particulars          J/R      Amount 2018                                             Rs....

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

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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: E ntry 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 I n Accou nti ng ” 3. For Example, Mr. A Sold Goods Worth Rs. 50000 For Cash. The above is a Business Transaction ...