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Check out Ledger Posting from Cash Book Homework Answers for Conceptual Clarity!

by Jan 23, 2018Homework Answers

Ledger Posting from Cash Book Homework Answers

Ledger posting is the act of transferring transaction entries from the journal to the ledger accounts. As we know that the ledger account contains all accounts including the credits, debits and the resulting balances of each account, posting these entries is the next step in the process of accounting. The posting process includes the putting of money to the appropriate sides of credits and debits. After you have posted, you will get the cash and the capital account.
A cash book is also a journal which contains all the cash receipts and payments with the deposits and withdrawal from the bank account. You need to post these entries to the general ledger. It holds the original and the final entry, i.e. the entries from journal and the ledger respectively.
The larger firms use cash books for recording the transactions for many reasons. For example, you can quickly determine the cash balances that occur daily. As you keep a regular check on it, it is easier to find out mistakes, and you’re aware of the recent entries. For getting more information about ledger posting from cash book homework answers, check out the full blog.
Ways to post ledger from cash book
It is important to post ledger from cash book to complete the double entry record. You can do it in two ways, one from the debit side and the other from the credit side. Let’s understand it in more detail.

  1. Posting from debit side of cash book

In the debit portion of the cash book, you will find the accounts through which you have received money into your account. It will contain all the cash receipts. The amount has been debited and must have been credited from the accounts while receiving. You have to post into the accounts’ credit which is listed on the debit side of cash book as ‘by money a/c.’ You can’t use the same name in its ledger account.

  1. Posting from credit side of cash book

In the credit portion of the cash book, you will find the accounts to which you have paid money from your account. The amount is now credited and mostly debited from the accounts at the time of payment. You have to post to the accounts’ debit information that is listed on the credit side of the cash book.
Cash Book Homework Answer Help Services
For finding out ledger posting from cash book homework answers, it is important to know well about the concept. It is the first step that a student should do. Before taking help from different sources, it is the duty of a student to try it first on his own. It will help him to get better on the subject. You shouldn’t always depend on someone’s help. It isn’t the right thing to do.
There are different sources from where you can take help. You can first take the help of your class teachers. They are also experienced and can help you. As they know you personally, they might even help you in a better way. You just have to tell them your problems frankly. Try to discuss the problems you face in the class and figure out the solutions. Opening up freely to your teacher will allow him to help you more.
The second way of getting help is from the online websites. As the online assignment help is gaining more popularity nowadays, students opt to use it frequently. It is a good thing to take help, but you shouldn’t make it your habit. You are going to get help from the best teachers from the world so don’t misuse it. Learning and practicing the tasks will help you in the future. If you try to abuse it, then it’s completely your loss.
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Dos and Don’ts while taking help
What should you need to do while you seek help?

  • Ask questions to the online tutors and stay up-to-date with your assignment work.
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You shouldn’t be doing this for only for finding out your ledger posting from cash book homework answers.

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If you follow the above tips, you will not only score well in the exam, but it will also help to become a good accountant in the future. Make use of it for finding the ledger posting from cash book homework answers.
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