Multiple Choice
When posting entries from a purchases journal to the general ledger,________.
A) posting references are not shown in the subsidiary ledger
B) the Accounts Payable balance in the general ledger will 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) entries are posted on a daily basis for all the accounts
Correct Answer:
Verified
Correct Answer:
Verified
Q129: The accounts payable subsidiary ledger lists each
Q130: Match each term to its definition.<br>-Compatibility<br>A)Can accommodate
Q131: A cash payments journal is a special
Q132: Which of the following will be recorded
Q133: The cash payments journal has two debit
Q135: In a networked system,the server stores the
Q136: In a perpetual inventory system,the credit columns
Q137: If a business uses the periodic inventory
Q138: For each of the following business
Q139: Depreciation expense is recorded in a _.<br>A)