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Explain what is posting key and what does it control ?

Explain what is posting key and what does it control ?

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Explain what is posting key and what does it control?

Answer

    In order to determine the transaction type which is entered in the line item, a two digit numerical is used known as ‘Posting Key’

    Posting key determines

    a) Account Types

    b) Types of posting. Debit or Credit

    c) Field status of transaction

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