The first step in the posting process is recording the
Select one:
a. journal page number in the ledger account.
b. ledger account number in the journal.
c. date in the ledger account.
d. explanation in the journal.
e. debit account and amount.
Posting means transferring the journal entries to ledger accounts.
Recording date in the ledger account is the first step in the posting process.
date in the ledger account.
Option c.
The first step in the posting process is recording the Select one: a. journal page number...
Which of the following is true concerning posting? Select one: a. The date of the transaction should be written in the account’s Date column. b. The page number of the journal should be written in the Post. Ref. column of the ledger account. c. The amount of the transaction should be recorded in either the debit or credit column. d. The ledger account number should be recorded in the Post. Ref. column of the journal. e. All of the answers...
The first step in the posting process is to write the amount of the transaction in the ledger account. Select one: True False
When an entry is posted, the last step in the process is Oa. a. placing the balance of the account in either the debit or credit column in the ledger. Ob. recording the explanation. Oc. placing the journal page number in the Post. Ref. column of the ledger. Od. placing the account number in the Post. Ref. column of the ledger. Oe. placing the account number in the Post. Ref. column of the journal. 1
The third step in recording a transaction in the general journal is to record the: O A. account(s) to be debited and the amount(s). OB. explanation of the entry. O c. account(s) to be credited and the amount(s). OD. date of the entry.
What are the advantages of first recording transactions in the journal and then posting to the ledger? T T T Anal (12nTIFF
The posting references in the following revenue journal are indicated by letters. Identify each posting reference [(a) through (h)] as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required. REVENUE JOURNAL Page 25 Date Invoice No. Account Debited Post Ref. Apr. 3 190 (a) Hill Company North Supply 8 191 (b) 13 192 Macon Inc. (c) (d) Acct. Rec. Dr. Fees Earned Cr. 4,750 5,025...
1. When posting from a journal to a ledger: A. The date column of the journal contains the date it was posted B. The date column of the ledger contains the date it was posted C. The post reference column of the journal contains the account number from the ledger D. The post reference column of the ledger contains the account number from the journal 2. Deferred Expenses have A. Not yet been recorded as expenses or paid B. Been...
The Process of recording a transaction is called: Select one: O A. Journalizing OB. Recording O C. Transacting O D. Posting
39. The Posting Reference column of the journal provides a cross-reference between the a ledger and accounts. b. journal and ledger. c. ledger and financial statements. d journal and financial statements. 40. If cash is paid for office rent, the transaction includes 2. debiting Rent Expense and crediting Cash. b. debiting Rent Expense and crediting Accounts Payable. c. debiting Rent Expense and crediting Capital. d. debiting Cash and crediting Rent Expense. 41. Tom Edwards opened an auto repair business on...
8-1 APPLICATION PROBLEM Journalizing and posting adjusting entries A journal and general ledger accounts for Len's Laundry are given below. A partial work sheet for the month ended April 30 of the current year is shown below. ADJUSTMENTS ACCOUNT TITLE DEBIT CREDIT (a) 45000 )200o0 Supplies Prepald Insurance Insurance Expense Supplles Expense ) 20000 14 Miscellaneous Expense a)45000 Use page 12 of the journal. Journalize and post the adjusting entries. 1. Application Problem 8-1 Aa Aa Page 12 JOURNAL Doc.Post....