Question: What is the difference between journalizing and posting? Which occurs first?

What is the difference between journalizing and posting? Which occurs first?

Step by Step Solution

★★★★★

3.44 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

In accounting journalizing and posting are two separate steps in the process of recording transact... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Introduction To Accounting Questions!

Q:

What is the difference between the reaction that occurs when isopropyltrimethylammonium hydroxide is heated and the reaction that occurs when 2-bromopropane is treated with hydroxide ion?

Q:

1. To use the present value formula PV0 = C/r at time zero, which of the following is correct? There are a finite number of cash flows in the future There are at least one billion pieces of cash...

Q:

a. Stock market index information: S&P 500 (stock) index level: Nasdaq Composite (stock) index level: b. Interest rate information : Prime rate: Federal funds rate: Commercial paper rate (90 days):...

Q:

Option # 1 : Problem Set For this Critical Thinking Assignment option, complete the following Review Questions from Chapter 4 of the Financial Management and Accounting Fundamentals for Construction...

Q:

Option # 1 : Problem Set For this Critical Thinking Assignment option, complete the following Review Questions from Chapter 4 of the Financial Management and Accounting Fundamentals for Construction...

Q:

Option # 1 : Problem Set For this Critical Thinking Assignment option, complete the following Review Questions from Chapter 4 of the Financial Management and Accounting Fundamentals for Construction...

Q:

4 Explain and demonstrate the difference between journalizing and posting of an accounting transaction.

Q:

Review Question 1 What is the difference between journalizing and posting? Review Question 4 Journalize the following transactions for Tip Top Associates, Inc., incurred during the month of July 19X4...

Q:

Option #1: Problem Set For this Critical Thinking Assignment option, complete the following Review Questions from Chapter 4 of the Financial Management and Accounting Fundamentals for Construction...

Q:

What is the difference between journalizing and posting?

Q:

Bayou Inc. will deposit $20,000 in a 12% fund at the end of each year for 8 years beginning December 31, 2005. What amount will be in the fund immediately after the last deposit?

Q:

Assume a town council passed the following ordinance: It shall be unlawful to operate any vehicle on town park paths. Violators will be subject to a $100 fine for the first offense and up to a $500...

Q:

Restrictions on total indebtedness Multiple choice question. limit the company from entering into a merger. limit the payment of cash dividends and share repurchases. assure the creditor that cash...

Q:

3. Why is tone important in routine messages?

Q:

please help Journalize each of the following transactions assuming a perpetual inventory system. (if no entry is fequired for a transoctionievenk, select "No journal entry required" In the first...

Q:

Levelised costs and net present value comparison In this assignment you will be carrying out calculations of the levelised costs of electricity for five different types of electricity plant. You will...

Q:

The SECURE 2.0Act of 2022 , Section 302 , reduced the penalty for tallure to take a minimum required distribution. The penalty for failing to take a minimurm two years (subject to some limitations),...