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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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