View the step-by-step solution to: Explain the differences/similarities of journalizing and

This question was answered on Feb 14, 2011. View the Answer
Explain the differences/similarities of journalizing and posting?
(Points : 1)
Journalizing is done to the general ledger, although posting is done to individual ledgers.
Journalizing is done in the journal, although posting is done to individual ledgers.
Both processes require that you maintain a running balance of each individual account.
According to GAAP, all posting to the general ledger must be done by the end of the fiscal year, and journalizing is done monthly.
Sign up to view the entire interaction

Top Answer

We need you to clarify your question for our tutors! Clarification request: Dear... View the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors and customizable flashcards—available anywhere, anytime.


Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access or to earn money with our Marketplace.

    Browse Documents
  • 890,990,898

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
  • 890,990,898


    Browse existing sets or create your own using our digital flashcard system. A simple yet effective studying tool to help you earn the grade that you want!

    Browse Flashcards