Examlex
When looking in the yellow pages, counselors are usually found under the heading
Posting
The process of transferring information from the journal to individual accounts in the ledger, which helps in preparing financial statements.
Journal
A book or digital record where all financial transactions of a business are initially recorded before being transferred to specific accounts in the ledger.
Ledger Accounts
Reflects a record of all the financial transactions made by a company, summarized into different categories for reporting purposes.
Accounts Receivable
Amounts owed by customers to an enterprise for goods or services that have been dispatched but not yet reimbursed.
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