In Double-Entry Accounting, Transactions Are Journalised and Then Posted to Ledger

question 39

Essay

In double-entry accounting, transactions are journalised and then posted to ledger accounts. What is the difference in these two processes and why is it necessary to do both?
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Definitions:

Emotional Bond

A deep, affectionate connection formed between individuals, characterized by feelings of attachment, love, or trust.

Attachment

The emotional bond that forms between individuals, especially from early childhood, influencing personal relationships and behavior patterns throughout life.

Caregiver

An individual who provides care and support to someone who is unable to do so for themselves due to disability, illness, or aging.

Dependency

A state where an individual relies on someone or something else for support, sustenance, or supply.