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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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Chapter
Section
BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

Why is it a good practice to post daily to the accounts receivable or accounts payable ledgers?

To determine

Ascertain whether it is a good practice to post daily in accounts receivable and accounts payable account.

Explanation

Posting transactions:

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

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