Examlex
Sherri needs the people viewing a document to enter information in the document.She needs people to enter one of three choices.She should do which of the following?
Posting Reference Columns
Columns in a journal entry that help in transferring information to, and tracking from, the corresponding ledger accounts for audit trail purposes.
Ledger
A comprehensive collection of a company’s final financial accounts, including assets, liabilities, equity, revenue, and expenses.
Journal
A detailed record where all financial transactions of a business are initially recorded, listed in chronological order.
Chart of Accounts
A systematic list of accounts that a company uses for the organization of its financial transactions and to prepare financial statements.
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