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What is posting key and what does it control?
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Answer Posted / purushothaman kannan
POSTING KEY DECIDE THE ACCOUNTING ENTRIES DEBIT AND CREDIT
PART AND ALSO IT DECCIDES VENDOR CREDIT/DEBIT , CUSTOMER
CREDIT/DEBIT FIXED ASSET DEBIT/CREDIT OR GL CREDIT/DEBIT
POSTING KEY DETAILS
DEBTORS POSTING KEY (DEBIT) 1-9 (CREDIT) 11-19
CREDITORS POSTING KEY (DEBIT) 21-29 (CREDIT) 31-39
GL POSTING KEY (DEBIT) 40 (CREDIT) 50
AA POSTING KEY (DEBIT) 75 (CREDIT) 75
| Is This Answer Correct ? | 11 Yes | 10 No |
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