what are the most important control functions of posting keys?
Answers were Sorted based on User's Feedback
Answer / sandy
posting key controls:
line items, field status group,account type.
Is This Answer Correct ? | 9 Yes | 2 No |
Answer / sandhani
(i)Determination of which account type can be posted to.
(ii)Debit or credit side of a/c
(iii)Field status of additional details.
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / kumar.ch
it is a special classification keys.users specify the
posting keys before entering the line items. posting key
controls how the line item is entered and processed by the
system.it controls
a. account type: which type of an account can be posted.
b. debit or credit: which side of an account can be posted.
c. field status: controls the fields
these are controlled by the posting keys.
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / r.s.raju
this is special classification key.2 numeric character key
controls entry of line items.
it determines account type,debit/credit postings,field
status of the transaction
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / radhika
posting key is used to know the following details of a line
items:
1.whether it is a debit/credit line item.
2.whether it is posted to a gl/vendor/customer a/c etc.
3.whether the document is a payment transaction or not.
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / pratik pandey
Posting Key determines whether the line items will be Dr.or
Cr.It controls an entry of a line items
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / dinesh lakhotiya
Postin key controls whether the line is debit or credit and
it will be used to post line items in a particular document.
e.g.
GL accounts : 40 for debit and 50 for credit
Vendor Invoice : 40 for debit and 31 for credit etc
Is This Answer Correct ? | 1 Yes | 2 No |
Answer / madhu
posting key will decide the account number,whether it is
debit or credit
Is This Answer Correct ? | 1 Yes | 2 No |
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