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Accounting Cycle Far0
Accounting Cycle Far0
POSTING
Posting means transferring the amounts from the general journal to the general ledger. Debits in the journal are posted
as debits in the ledger, and credits in the journal as credits in the ledger. Each account has its own record in the ledger.
A general ledger is the "reference book" of the accounting system and is used to classify and summarize transactions,
and to prepare basic financial statements.
Account Name: Cash Account No. 100
Date Particulars F Debit Credit Balance