Question

The posting references in the following revenue journal are indicated by letters. Identify each posting reference [(a) throug
REVENUE JOURNAL Page 25 Acct. Rec. Dr. Date Invoice No. Account Debited Post Ref. Fees Earned Cr. Apr. 190 (a) 4,750 Hill Com
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Answer #1

Answer:

a a posting to subsidiary ledger account
b a posting to subsidiary ledger account
c a posting to subsidiary ledger account
d a posting to subsidiary ledger account
e a posting to subsidiary ledger account
f a posting to subsidiary ledger account
g a posting to a general ledger account
h a posting to a general ledger account

explanation :

All the individual customers Accounts ( from a to f ) will be posted to subsidiary ledger of accounts recievables.

the total of Account recievables and fees earned ( g and h ) will be posted to general ledger A/c under respective Accounts.

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