Ledger posting is made before journal entry.

Question

State whether the following statement are ‘True or False’ with reason :

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Totalling of Journal or Ledger is called as _________

2 Answers 4 Views

Posting implies recording a transaction in a journal.

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From which books of accounts posting is made in the Ledger?

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Recording of a transaction in the journal is called posting.

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Ledger Folio and index are necessary for the ledger.

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Ledger posting is not necessary for journal proper.

2 Answers 6 Views

Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

This statement is False.

Ledger posting is made after journal entry. First, all transactions are recorded to Journal and from the journal, posting is made to Ledger.

5 views Answered 2023-02-05 15:29