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Posting (4)
POSTING (4)

Definitions:

i. The act of transferring an entry or item from a book of original entry to the proper account in a ledger.

ii. The act of entering data in an accounts ledger: the record in a ledger after such entry.

iii. The record in a ledger account resulting from the transfer of an entry or item from a book of original entry.
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* All six elements should be in.


1. Purposeful and necessary to post.

2. Mistake does not arise from copying.

3. Transferred to correct or right ledger.

4. Legibility sure to be permanent, reliable.

5. Timeliness or promptness in transfer ensured.

6. Absolutely can serve purpose(s) (connect to #2).
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See perfect CREATIVE ACCOUNTING.

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