Without these marks (in a manual system), it would be very easy to fail to post a transaction, or even post the same transaction twice. The check marks in the journal indicate that a particular transaction has been posted to the ledger. This reduces the amount of detailed information that must be recorded in the ledger, and provides an audit trail back to the original transaction in the journal. In reviewing the ledger accounts below, notice that the “description” column includes a cross-reference back to the journal page in which the transaction was initially recorded. A similar process would occur for each of the other transactions to produce the resulting ledger pages. Arrows are drawn for the first journal entry posting. General Ledger refers to a record containing individual accounts showcasing the transactions related to each of such accounts. The following illustration shows the posting process. In other words, the debits and credits in the journal will be accumulated (“transferred”/”sorted”) into the appropriate debit and credit columns of each ledger page. To “post” means to copy the entries listed in the journal into their respective ledger accounts. Next, consider how the details of each specific account can be determined through a process known as posting. Chapter 24: Analytics for Managerial Decision Making.Chapter 23: Reporting to Support Managerial Decisions.Chapter 22: Tools for Enterprise Performance Evaluation.Chapter 21: Budgeting – Planning for Success.Chapter 20: Process Costing and Activity-Based Costing.Chapter 19: Job Costing and Modern Cost Management Systems.Chapter 18: Cost-Volume-Profit and Business Scalability.Chapter 17: Introduction to Managerial Accounting.Chapter 16: Financial Analysis and the Statement of Cash Flows.Chapter 15: Financial Reporting and Concepts.Chapter 14: Corporate Equity Accounting.Chapter 12: Current Liabilities and Employer Obligations.Chapter 11: Advanced PP&E Issues/Natural Resources/Intangibles.Chapter 10: Property, Plant, & Equipment.Chapter 6: Cash and Highly-Liquid Investments.Chapter 5: Special Issues for Merchants. Chapter 1: Welcome to the World of Accounting.
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