Book of accounts where balances are reported

Assignment Help Accounting Basics

Reference no: EM133359904

Question: The general journal is the book of original entry. The ledger is the book of accounts where balances are reported. Explain the four steps in posting from the journal to the ledger.

Posting from the journal to the ledger accounts involves four steps: 1. Enter the date of each transaction in the account. 2. Enter the amount of each transaction in the account. 3. Enter the journal page in the posting reference column of the account. 4. Enter the account number in the posting reference column of the journal.

Explain these steps

Reference no: EM133359904

Questions Cloud

Can a mail sender use a two-tier architecture to send mail : Suppose your organization was contemplating switching from a host-based architecture to client-server architecture. What problems would you foresee?

Summarize use by pastoralists in southern oromia of ethiopia : Summarize the changes in land use by pastoralists in Southern Oromia of Ethiopia. Include ecological, economic, and social (policy) factors including Amharic.

Which religion interacts with other cultural aspects : What are some ways in which religion interacts with "other cultural aspects" such as politics, economics, [and] aesthetics"?

Analyze a business process with the igeo model and provide : Analyze a business process with the IGEO model and provide the following details: Main purpose of the process Inputs, Outputs, Guides, Enablers A high level

Book of accounts where balances are reported : Enter the date of each transaction in the account and Enter the amount of each transaction in the account

Definition of communication that griffin presents : Based on the definition of communication that Griffin presents and explains, what single word in that definition provides the best synonym.

What would i enter in command line to create : you will need to create three directories Linux1, Linux2, and Linux3 from the root. In each directory, you will need to create files with the name Linux Mint.

Introduction to interpersonal messages : In the section introduction to interpersonal messages, Griffin states that the game of charades is a better model.

What do you think cultural literacy involves : "To learn about world religions is to increase one's cultural literacy-the objective that lies at the heart of this study" (Brodd, p. 4).

User Account

All Pages