Shown Below Is a Page from Cash Payments Journal

question 135

Essay

Shown below is a page from cash payments journal. 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.

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Definitions:

Composed

Implies being made up of multiple parts or elements; in the context of data, it may refer to a dataset composed of different types of information.

Portfolio Expected Return

The weighted average of the expected returns on the assets contained within an investment portfolio.

Stocks

Shares of ownership in a corporation, representing a claim on the company's assets and earnings.

Investment

The allocation of resources, typically money, into an asset or venture with the expectation of generating income or profit.