Multiple Choice
Posting from the journal to the ledger does NOT involve which of the following steps?
A) Enter the date of each transaction in the accounts.
B) Enter the amount of each transaction in the accounts.
C) Enter the page of the journal from which each transaction is posted in the accounts.
D) Enter the description of the entry.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: A chronological record of financial transactions expressed
Q4: A(n)_ occurs when debit or credit amounts
Q5: Every entry in the journal should include
Q6: To make the posting process easier,posting reference
Q7: If the owner of a company invested
Q9: After posting journal information to the ledger
Q10: A trial balance can only be accurately
Q11: The purpose of a journal is to
Q12: For EVERY transaction,the accountant enters the<br>A) year,month,and
Q13: Information about cash disbursements can be obtained