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Posting from Journal

To which side...

Question

To which side of the ledger account are the transactions on the receipts side of the cash book posted ?

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Solution

They are posted on the credit side of the respective ledger account.

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Similar questions

To which side of the ledger account are the transactions on the payments side of the cash book posted?

Q. A transaction recorded on the debit side of cash book is transferred to the ledger _________________.

Q. A transaction recorded on the credit side of cash book is transferred to the ledger _______________.

Q. _______ is a book in which all the business transactions are originally recorded in chronological order and from which they are posted to the ledger accounts at any convenient time.

Q. Cash receipt of

R s . 5100

was wrongly posted to credit side bank column of cash book as

R s . 510

. bank balance as per cash book will be ________.

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