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Explain the meaning of posting of journal entries? - Accountancy

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Answer in Brief

Explain the meaning of posting of journal entries?

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Solution

Posting is the process of transferring the business transactions from Journal to ledgers.

Every transaction is first recorded in the Journal and subsequently transferred to their respective accounts.

Concept: Recording of Transactions 2
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APPEARS IN

NCERT Accountancy Financial Accounting 1 Class 11
Chapter 4 Recording of Transactions - II
Questions for practice | Q 5 | Page 152
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