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Posting reference on the journal should be?
should be entered when posting to the ledger
What is the importance on posting references into a journal?
may be to find the exact transaction it makes it easier
Posting of journal entries should be done in?
chronological order
What is posting in accounting cycle?
Posting is recording in the ladgers information from journal. Posting is always from journal.
When an accounts payable subsidiary ledger is used the entry to Accounts Payable requires two posting references in the general journal?
yes
When posting a column total in the purchases journal a credit should be posted to?
accounts payable
What is posting in accounting?
Posting is recording in the ladgers information from journal. Posting is always from journal.
Is entering transactions in a journal called posting?
Posting
When posting the column totals of a cash payments journal a debit should be posted to?
accounts payable
How do you correct in the journal?
to correct an error made in the journal ( prior to posting in the ledger)
When should posting of journal entries be done?
Journal entry should be made when you need to acquire information about specific business transactions.All the transactions should be recorded based on receipts or the bills. This will help to check authenticity of each journal entries. This further makes auditing easy.
When posting the entries from the journal the Breneman Management Service Ledger should have at least one debit entry in how many accounts?
2
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