Posting is an important part of accounting since it helps to keep an updated record of all ledger balances & at the same time it can help a user to track how the ledger balances have changed over a period of time.

What is the primary purpose of posting?

General ledger is used in posting all the transactions recorded from the general journal to each specific account. This would be arranged by using the accounting equation: assets, liabilities, equity, revenue, and expenses. Posting is the second step in the accounting cycle after journalizing.

What is meant by posting in accountancy?

(Entry 1 of 3) 1 : the act of transferring an entry or item from a book of original entry to the proper account in a ledger. 2 : the record in a ledger account resulting from the transfer of an entry or item from a book of original entry.