Explain the meaning of posting of journal entries?
Posting refers to the process of transferring business transactions from the journal (or books of original entry) to the ledger accounts. As businesses expand and transactions become large, recording is often done in special journals, from which entries are subsequently posted to the ledger.
This process involves updating specific accounts to reflect the transaction details. For example, entries from the sales journal are posted to the debit side of individual customer's accounts kept in the ledger, while the periodic total is posted to the credit of the sales account. This ensures the ledger accurately reflects all operations.
Explanation
The answer is derived from the context which defines the flow of accounting entries. It establishes that transactions are first recorded in the journal and then 'posted in the ledger accounts'. The context elaborates on this meaning by providing a specific example of 'posting from the sales journal' to customer accounts (debit) and the sales account (credit), illustrating how amounts are transferred from the book of original entry to the ledger.