Multiple Choice
The first step in posting involves
A) entering in the appropriate ledger account the date, journal page, and debit amount shown in the journal.
B) writing in the journal the account number to which the debit amount was posted.
C) writing in the journal the account number to which the credit amount was posted.
D) entering in the appropriate ledger account the date, journal page, and credit amount shown in the journal.
Correct Answer:
Verified
Correct Answer:
Verified
Q142: The recording process becomes more efficient and
Q143: After a transaction has been posted, the
Q144: After transaction information has been recorded in
Q145: If a revenue account is credited, the
Q146: The ledger accounts should be arranged in<br>A)chronological
Q148: The first step in the recording process
Q149: The usual sequence of steps in the
Q150: A trial balance would only help in
Q151: The explanation column of the general ledger<br>A)is
Q152: Revenues are a subdivision of retained earnings.