Introduction to Accounting

Accountancy (Phase -I & II)

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In double entry book-keeping posting means:

to record the transactions from the journal to ledger.

to record the transactions in the journal.

to record the transactions in the subsidiary books

to record the transactions in the cash book.

Explanation:

The double-entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of two accounts. The double-entry system also requires that for all transactions, the amounts entered as debits must be equal to the amounts entered as credits.

By: honey kaundal

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