A beginners question

meiessiah · #1 Jul 24, 2004, 08:08 PM

Would I be correct in assuming that you post the totals from the journals to the general ledgers at the end of each accounting cycle.

For example if your accounting period was from the 20th of each month to the next ..you would add all your journal entries and post to ledgers then ?

kathyl39 · Jul 29, 2004, 11:58 AM

You need to post you journals and should post at the end of each month in order to create your balance sheet and income statement.



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