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Which column totals of a journal are posted?
In a journal, typically, the column totals for the debits and credits are posted to the respective accounts in the general ledger. This includes the totals for specific accounts such as cash, accounts receivable, accounts payable, and other relevant categories. The individual entries may also be posted based on the nature of the transaction, but the column totals provide a summarized amount for easier tracking and reporting.
What are the advantages of using special journals by an entity?
There are a few advantages to using special journals. First, the one line entry for each sales transaction is a time saver. Second, only totals being posted and recorded also saves time and reduces the risk of error.
Only the column totals for special amount columns in a journal are posted is it true or false?
false
When posting the column totals of a cash payments journal a debit should be posted to?
accounts payable
What is meant by inventory compilation?
Inventory compilation is used by a company when reconciling physical inventory with perpetual inventory records and consists of the following procedures: counting the physical inventory, correctly summarizing the quantities, extend prices times quantities, and foot the extensions. Totals should agree with the amounts recorded in general ledger.
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 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 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.
What are the advantages of using special journals by an entity?
There are a few advantages to using special journals. First, the one line entry for each sales transaction is a time saver. Second, only totals being posted and recorded also saves time and reduces the risk of error.
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
What document shows yearly injury totals and must be posted in osha?
OSHA 300 and 301
How many episodes are posted on hulu based on fruits basket?
As of October 2021, Hulu has all three seasons of "Fruits Basket" available for streaming, which totals to 63 episodes.
What shows the yearly totals for work related injuries and illnesses and must be posted from february 1st to April 30th each year?
tomato
The shows the yearly totals for work-related injuries and illnesses and must be posted from February 1st to April 30th each year.?
tomato
What is meant by compilation?
Inventory compilation is used by a company when reconciling physical inventory with perpetual inventory records and consists of the following procedures: counting the physical inventory, correctly summarizing the quantities, extend prices times quantities, and foot the extensions. Totals should agree with the amounts recorded in general ledger.
What is meant by inventory compilation?
Inventory compilation is used by a company when reconciling physical inventory with perpetual inventory records and consists of the following procedures: counting the physical inventory, correctly summarizing the quantities, extend prices times quantities, and foot the extensions. Totals should agree with the amounts recorded in general ledger.
