Accounting Principle File

While "post" is a procedural step, it is guided by several foundational accounting principles that ensure financial statements are accurate and reliable: What Is GAAP and Why Does It Matter? - Accounting.com

In accounting, is the essential process of transferring financial information from a journal (where transactions are first recorded) to individual accounts in the general ledger . This phase classifies transactions so that businesses can track the specific balances of assets, liabilities, equity, revenue, and expenses. Core Principles Governing Posting accounting principle