Practice - Posting from Journal to Ledger
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Practice Questions
Test your understanding with targeted questions
What is posting in accounting?
💡 Hint: Think about moving information from one accounting record to another.
How are debits and credits recorded in the Ledger?
💡 Hint: Remember the term 'left for debits' and 'right for credits'.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What do we call the process of transferring journal entries to the ledger?
💡 Hint: Focus on what we do with journal entries after they are recorded.
True or False: Each credit in the journal is posted to the debit side of the respective ledger account.
💡 Hint: Remember how debits and credits are placed in a ledger.
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Challenge Problems
Push your limits with advanced challenges
A company sells products worth ₹20,000 on credit and receives a cash payment of ₹5,000 immediately. Write the journal entry and show how to post to the Ledger.
💡 Hint: Consider how to spread the sales across cash and credit.
A business incurs expenses of ₹8,000 for rent, paying ₹3,000 in cash and offering a note payable for the balance. Describe the journal entry and postings.
💡 Hint: Break down payment into parts to cover both cash and notes payable.
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