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Topic Content:
- Posting into a Ledger using Double-Entry System
Posting is the process of transferring the entries from the books of original/prime entry (journal) to the ledger.
No new information is needed to prepare ledger accounts. The information that has already been recorded in the journal is just transferred to the relevant ledger accounts.
Let’s illustrate the format of a ledger account by preparing a journal
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Thanks for this note. It’s really helpful.