What exactly posting key is in FICO and what is its significance?
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What exactly posting key is in FICO and what is its significance?
Answer
It is basically an approach that enables users to determine the transaction type among the various possible options in the domain. Generally, it is a two-digit number when is entered during defining of an item. It simply gives an idea about the type of posting which can either be credit or debit as well as the type of accounts. Also, the status of transactions can also be recorded through it.
