What is posting key and what does it control?
Answer Posted / amulya
POSTING KEY DETAILS
DEBTORS DEBIT- 1-9 CR- 11-19
CREDITORS DEBIT- 21-29 CR- 31-39
GL DEBIT- 40 CR- 50
FA DEBIT- 75 CR- 75
Posting Key made as per basic Rule that is
All Left side Key is Dr. and All Right Side side is Cr. as
per GL/SL Account Nature.
Is This Answer Correct ? | 11 Yes | 6 No |
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