POST Definition

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POST is the transfer of accounting entries from a journal of original entry into a ledger book, in chronological order according to when they were generated.

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NET, in general, is the figure remaining after all relevant deductions have been made from the starting, or gross, amount.

MARK ENDORSEMENT, normally, it is when a signatory (payee) cannot endorse with their signature, due to illiteracy or an infirmary, the signatory is allowed to make a mark that identifies that the signatory has signed. Such mark endorsements are normally witnessed with the witness endorsing the mark endorsement.

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