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| *Ostroff, Fair and Company>>>Other - Business & Finance |
What is journalizing and posting? |
i just need the definition...i can't find it...please help me Journalizing - The process of recording transactions and events into the journal. Posting - The process of transferring journal entry effects into the respective general ledger accounts. I know you said you only need the definitions, but if you wish to read more on these 2 topics, just click on the links below. Source(s): http://www.principlesofaccounting.com/ch... http://www.principlesofaccounting.com/ch... hi these are accounting terms. journalizing -- entering journal entries in journal journal -- every business transaction is entered ; in the form of journal entry example -- furniture a/c ----------------dr 5000 to cash a/c 5000 the above one is the journal entry it explans that furniture has been brought for cash rs.5000 posting -- seperate book r maintained for posting called ledger accounts. ledger accounts-- in this accounts thes journal entries r posted. this account contains 2 sides i.e, debit& cridit. hope u could get the idea . bye my studies Posting - the act of entering items into a journal or ledger. Journalizing - the act of posting items (Debits and Credits) into the general journal (ledger). Journalizing is not a term I have heard used often. |
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