The Entries Recorded in the Other Accounts Column of a Cash

question 69

Multiple Choice

The entries recorded in the Other Accounts column of a cash payments journal

• A) are posted to the accounts payable subsidiary ledger daily.
• B) are posted individually to accounts in the general ledger.
• C) are not posted individually but are posted as a column total to the general ledger.
• D) do not require posting.

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Definitions:

Growth Needs

Are desires for continued personal growth and development.

Business Growth

The process of improving some measure of an enterprise's success, which can be achieved through increased revenue, profits, market share, or expansion.

Punitive Damages

Monetary compensation awarded to an injured party that exceeds simple compensation and is intended to punish the defendant.

Consequential Damages

Refer to indirect damages resulting from a breach of contract, not caused directly by the breach but instead by the subsequent consequences of that breach.