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when are the transactions posted?

sir, i want to ask that are transactions posted to ledger one by one or are they directly posted at the end?
One by one i mean to say that posting the transaction when they occur.

asked Oct 28, 2016 in Subsidiary Books by cute shanaya (14 points) 158 views

1 Answer

0 votes
Posting is done on a continuous basis and not at the end of accounting period because accounting information is required on a continuous basis.  For example if the manager wants to know how much we have to collect from the market (amount of debtors).  This information can be provided only if posting has been done continuously.
answered Oct 28, 2016 by jbsclasses (3,853 points)
but it is not like that posting one transaction at a time, is it?
Of course, posting is done one transaction at a time.  I am giving below a link of my video on this topic, just watch it.

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