To Indicate That an Amount Has Been Posted from the Sales

question 31

Short Answer

To indicate that an amount has been posted from the sales journal to the accounts receivable subsidiary ledger, a(n)________ is placed in the Posting Reference column of the journal.

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Definitions:

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Joint Costs

Costs that are incurred in the process of producing two or more products simultaneously up to the point where these products are separable.

Split-off Point

The stage in a production process where joint products can be recognized as distinct and separate products.

Split-off Point

The stage in a production process where multiple products become recognizably separate and independent from each other.