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Why are there two account titles in the amount column of the purchases journal?

There are two account titles in the column of the purchases journal because if a purchase is made for cash, the transaction is not recorded in the purchases journal.


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 steps in the posting process in accounting?

1. Write the date of the transaction in the account's Date Column. 2. Write the amount of the transaction in the Debit or Credit column and enter the new balance in Balance column under Debit or Credit. 3. Write the page number of the journal in the Post. Ref. column of the ledger account. 4. Record the ledger account number in the Post. Ref. column of the journal.


What is the purpose of a analysis of receipts column in a cash receipts journal?

what is n the anlysis column of a CRJ


What is columnar journal?

A Columnar Journal is an alternative journal form that is designed with special columns for entries to accounts which are used often and an 'Other Accounts' column for entries to accounts for which a special column has not been provided. Columnar Journals can also be called 'Synoptic Journals' and/or 'Combination Journals'.


Why are there two account titles in the amount of the purchases journal?

There are two account titles in the column of the purchases journal because if a purchase is made for cash, the transaction is not recorded in the purchases journal.


What are the features of a journal?

there are 2 types of journal. 1. general journal 2. speacil journal


What record that contains all accounts of company?

general ledger, general journal, special ledger, special journal, column balance ledger.


When posting a column total in the purchases journal a credit should be posted to?

accounts payable


Why are numbers under the column totoals in the journals important?

The numbers under the column "totals" in journals are important because they help in calculating the overall sum or total for the transactions recorded in that particular journal. This total acts as a quick reference for the total debit and credit amounts in the journal, ensuring that the journal entries are balanced and accurate.