Multiple Choice
Which of the following is true of posting entries from a purchases journal to the general ledger?
A) The posting references are not mentioned in the subsidiary ledger.
B) The Accounts Payable balance in the general ledger should be less than the sum of the individual vendor balances in the subsidiary ledger.
C) The amounts in the Other Accounts DR column are posted individually to the specific accounts.
D) It is done on a daily basis for all the accounts.
Correct Answer:

Verified
Correct Answer:
Verified
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