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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

Explain the five steps required when posting the journal to the ledger.

To determine

Explain the five steps required when posting the journal to the ledger.

Explanation

Posting transactions:

The process of transferring the journalized transactions into the accounts of the ledger is known as posting the transactions.

The five steps that is required while posting the journal to the ledger are as follows:

  • Step 1: Enter the date of the transaction in the date column...

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