Posting example sentences

To rectify errors in recording transactions in the books of original entry and their posting to ledger accounts this journal is used.Any error in posting of individual transactions in subsidiaries books relates to individual account only, the sales account, purchase account, sales return account or purchases return account are not involved.committed by the bank while posting entries in the passbook also cause differences between passbook and cash book balance.If in the above example, credit sales had been duly recorded in the sales book but the posting from sales book to Mohan s account has not been made, it would be an error of partial omission.In other words, posting means grouping of all the transactions in respect to a particular account at one place for meaningful conclusion and to further the accounting process.For easy posting and location, accounts are opened in the ledger in some definite order.The error (or errors) may have occured at one of those stages in the accounting process: (1) totalling of subsidiary books, (2) posting of journal entries in the ledger, (3) calculating account balances, (4) carrying account balances to the trial balance, and (5) totalling the trial balance columns.A trial balance is a statement showing the balances, or total of debits and credits, of all the accounts in the ledger with a view to verify the arithmatical accuracy of posting into the ledger accounts.For example, the book-keeper may debit a correct amount in the wrong account while making the journal entry or in posting a journal entry to the ledger.Posting is the process of transferring the entries from the books of original entry (journal) to the ledger.The process of transferring journal entry to individual accounts is called posting.If error is of posting to a wrong account with wrong amount (without mentioning the side of posting) then assume that posting has been done on the right side.Error while posting a journal entry: a journal entry may not have been posted properly to the ledger, i.e., posting made either with wrong amount or on the wrong side of the account or in the wrong account.Managing disposal of garbage sensibly, for example, by encouraging separation of biodegradable garbage from nonbiodegradable waste, or composting of kitchen waste.An error in an amount posted to the correct ledger account may also be corrected in a similar way, or by making an additional posting for the difference in amount and giving an explanatory note in the particulars column.