Cross-Footing a Cash Receipts Journal Means

question 83

Multiple Choice

Cross-footing a cash receipts journal means

• A) the equality of debits and credits in the journal has been proved.
• B) each line of the journal has a horizontal total.
• C) the columns of the journal have been cross-referenced.
• D) all necessary postings have been completed.

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Definitions:

Tort

A wrongful act or an infringement of a right (other than under contract) leading to civil legal liability.

Public Wrong

Acts or offenses that violate laws established to protect the public and maintain social order, dealt with through criminal justice system.

Criminal Suit

A legal action brought against an individual or organization accused of committing a crime.

Private Wrong

A legal injury or violation affecting an individual or a specific entity, as opposed to the public or society at large.