Examlex
Using the cash payments journal above, identify each of the posting references indicated by a letter, as representing:
(1) a posting to a general ledger account.
(2) a posting to a subsidiary ledger account.
(3) that no posting is required.
Bias
A tendency to lean in a certain direction, either in favor of or against a particular thing, person, or group compared with another, often in a way considered to be unfair.
Journalizing
The process of recording a transaction entry into the journal.
Business Transactions
Financial activities or exchanges involving the transfer of value between entities or parties, affecting the financial position of a business.
Journal
A listing of business transactions in chronological order. The journal links on one page the debit and credit parts of transactions. Alternatively known as general journal.
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