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What is the difference between a journal and a ledger? What is the general journal used for? What are books of prime entry (special journals)? What is the difference between the general ledger and subsidiary ledgers?
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Financial Accounting › Journals & Ledgers

What does posting mean?

Intermediate

Answer

Transferring amounts from the journals/books of prime entry into the individual ledger accounts.
Journal Dr Cash 800 / Cr Sales 800 -> post to Cash and Sales ledgers
Real-world example Legacy manual systems posted daily; software posts automatically.
All 5 Journals & Ledgers questions