Posting

A multi-faceted term used across various fields such as physical display, bookkeeping, civil procedure, commercial law, and property management.
On this page

Posting refers to diverse processes across different fields, including affixing information in a visible manner, recording transactions in accounting systems, serving legal information, displaying bank payment decisions, and exhibiting property notices.

Detailed Definitions and Examples

  1. Physical Display

    • Definition: Affixing information or notices in a visible location for public viewing.
    • Example: Posting a “For Sale” sign on a property to attract potential buyers.

  2. Bookkeeping

    • Definition: Recording financial transactions in the company’s ledgers, such as accounts receivable or accounts payable.
    • Example: Posting a sale to the accounts receivable ledger when a customer buys on credit.

  3. Civil Procedure

    • Definition: Affixing required legal information as an alternative method of service of process.
    • Example: Posting a court summons on a defendant’s door when personal service is not possible.

  4. Commercial Law

    • Definition: The procedure a bank follows to decide and record the final payment of a negotiable instrument.
    • Example: Posting a check as cleared in a customer’s bank account.

  5. Property Management

    • Definition: Displaying notices on real property to warn potential trespassers of restrictions like no fishing or hunting.
    • Example: Posting “No Trespassing” signs around a private lake.

Frequently Asked Questions (FAQs)

Q1: Is posting in bookkeeping limited to accounts receivable and payable?

  • A1: No, posting in bookkeeping involves recording all types of financial transactions in the appropriate ledgers.

Q2: Can posting as a service of process be used in criminal law?

  • A2: Posting is primarily a civil procedure and is rarely used in criminal law, which typically requires personal service for an arrest warrant.

Q3: How does a bank decide to post a negotiable instrument?

  • A3: A bank examines the instrument for authenticity and checks available funds before posting it as a cleared payment.

Q4: Are posted property notices legally binding?

  • A4: Yes, posted property notices are legally binding and can provide grounds for legal action against trespassers.

Q5: Can a business use electronic posting for bookkeeping?

  • A5: Yes, modern accounting systems often use electronic posting to record transactions in digital ledgers.
  • Ledger: An account book where financial transactions are recorded.
  • Service of Process: Legal procedure to give parties in a case notice of legal actions.
  • Negotiable Instrument: A document guaranteeing the payment of a specific amount of money either on demand or at a set time.
  • Trespass: An unlawful act of entering, effacing, or remaining on a person’s property.
  • Accounts Receivable: Money owed to a company by its debtors.

Online References

Suggested Books for Further Studies

  • “Intermediate Accounting” by J. David Spiceland, Mark W. Nelson, Wayne B. Thomas
  • “Principles of Accounts for the Caribbean” by Frank Wood and Sheila Robinson
  • “Civil Procedure: A Contemporary Approach” by A. Benjamin Spencer
  • “Commercial Law Distribution” by Gillette and Walt

Fundamentals of Posting: Business Basics Quiz

Loading quiz…

Thank you for exploring the multifaceted term “Posting” and testing your understanding with our comprehensive quiz. Keep advancing your knowledge!

Postmark
Postdated Check