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Ledger posting from journal entries
Journal entries which contain all the financial business transaction are an important source which needs to be categorized and put under the designated ledger account. With the type of ledger accounts under consideration, the journal entries are to be positioned within the appropriate category. For example:
- Receivable ledger Accounts:
Such an account book is responsible to contain all the database of transactions which are received by the company under capital form.
- Debit Ledger Accounts:
Such transactions which are the resultant digit under the withdrawal accounts designated under other company or individual name will be noted under this category.
Ledger posting from journals is a very significant assignment for students in order to understand the categorization of assets, liabilities and capital in a company. Under such assignments which require detail explanations can be difficult to pin down by students as it requires research which fails under time constraints.
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