0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
When posting a column total in the purchases journal a credit should be posted to?
accounts payable
The total of the cash disbursements column of the cash disbursements journal is posted to the cash account as a?
credit
When posting the column totals of a cash payments journal a debit should be posted to?
accounts payable
Only the column totals for special amount columns in a journal are posted is it true or false?
false
No end-of-month posting is required for the total of the Other Accounts Debit column of the cash payments journal?
True. The individual entries are what get posted to their respective accounts, not the total.
When posting a column total in the purchases journal a credit should be posted to?
accounts payable
The total of the cash disbursements column of the cash disbursements journal is posted to the cash account as a?
credit
Why are number under the column totals in the journal important?
These numbers are important because they verify that the information in that journal column has been posted to the corresponding ledger account.
Why are the numbers under the column totals in the journal important?
These numbers are important because they verify that the information in that journal column has been posted to the corresponding ledger account.
Why are numbers under the column totals in the journal important?
These numbers are important because they verify that the information in that journal column has been posted to the corresponding ledger account.
When posting the column totals of a cash payments journal a debit should be posted to?
accounts payable
Only the column totals for special amount columns in a journal are posted is it true or false?
false
No end-of-month posting is required for the total of the Other Accounts Debit column of the cash payments journal?
True. The individual entries are what get posted to their respective accounts, not the total.
What entry do you make in the post reference column of the ledger to show that you posted the transactions from the journal?
The "Post Reference" or PR is used ona Ledger to lead you back to the original transaction by identifying the Journal and the page in the Journal. Example - GJ1 = General Journal, page 1. On a Journal the PR can be used to identify the account number used from the chart of accounts
In which journal would the payment of salaries be posted?
cial journal
Drawings can be posted in cash payment journal?
no
TO Updates must be posted within how many days of receipt?
5
