What Does a Check Mark in the PR Column of a Journal

question 99

Multiple Choice

What does a check mark in the PR column of a journal indicate?

• A) An amount has been posted to the general ledger.
• B) During the month the subsidiary ledger is updated.
• C) An amount has been posted to the controlling account.
• D) Nothing has to be posted until the end of the month for this transaction.

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Definitions:

Critical Thinkers

Individuals who actively and skillfully analyze, assess, and reconstruct their thinking, thereby making informed decisions.

Fewest Assumptions

A principle suggesting that the simplest explanation, requiring the least speculative assumptions, is often the most accurate.

Casual Observation

An informal method of gathering data or evidence without a structured framework or hypothesis in mind.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, characterized by open-mindedness, skepticism, and an analytical approach.