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Accounts payable and receivable effect the general ledger

How does posting acctounts payable and receivable effect the general ledger?
Asked by: Interview Candidate | Asked on: Jul 16th, 2007
Showing Answers 1 - 1 of 1 Answers
Muralidharan J

Answered On : Jul 25th, 2007

Once the posting is done, then the debtors/creditors ledgers are updated and the correct balance is reflected in the ledgers.

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