Multiple Choice
The first step in the posting procedure is writing the
A) entry date in the Date column of the account.
B) journal page number in the Post. Ref. column of the journal.
C) account number in the Post. Ref. column of the account.
D) entry amount in the Debit or Credit column of the account.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: The formula for calculating net income is
Q8: The drawing account is a permanent account.
Q9: The entry to establish a $200.00 petty
Q10: Temporary accounts are used to accumulate information
Q11: Select the one term that best fits
Q13: On a work sheet, the balance of
Q14: Select the one term that best fits
Q15: When cash is paid for insurance,<br>A) Prepaid
Q16: The formula for calculating the net income
Q17: Select the one term that best fits