Multiple Choice
Which of the following is TRUE of posting entries from a cash payments journal?
A) Entries in the cash payments journal are posted monthly to the accounts payable subsidiary ledger and daily to the general ledger.
B) The postings of accounts payable are credits and increase the balance in the individual accounts payable account.
C) After posting the payment of accounts payable, a check mark is entered in the cash payments journal and the posting reference is printed in the subsidiary ledger.
D) At the end of the month, each column is totaled and the totals, including the Other Accounts DR column, are posted to the specific general ledger accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Define enterprise resource planning (ERP)systems and state
Q34: State the purpose of a subsidiary ledger?
Q35: Match each term to its definition.<br>-Control<br>A)Can accommodate
Q36: When using a computerized accounting information system,transactions
Q37: Match each term to its definition.<br>-Relevance<br>A)Can accommodate
Q39: Which of the following is TRUE of
Q40: In a computerized accounting information system,all data
Q41: Southeastern Company sold merchandise for $4,450 to
Q42: A subsidiary ledger is _.<br>A) an accounting
Q43: Which of the following is NOT included