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Najae Geschwind
on Nov 14, 2024

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Postings from the purchases journal to the general ledger are made

A) daily.
B) monthly.
C) weekly.
D) yearly.

Purchases Journal

A financial record keeping a chronological list of all purchases made by a business, especially on credit.

General Ledger

A comprehensive record of all financial transactions that occur within a company, used to compile financial statements.

Posting

The procedure of transferring journal entries to the ledger accounts.

  • Comprehend the methodology and objective of posting transactions in the field of accounting.
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Talha SadifNov 17, 2024
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