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ow does posting journal entries work in a computerized accounting system? What does it mean when posting is done au

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter2: The Accounting Information System

Section: Chapter Questions

Problem 14MCQ: Posting: involves transferring the information in journal entries to the general ledger. is an...

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The General Ledger

How does posting journal entries work in a computerized accounting system? What does it mean when posting is done automatically? Explain.

Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.

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