The Posting Reference Column in the Journal Is Used For

question 64

Multiple Choice

The posting reference column in the journal is used for:

• A) recording the source documents identification number.
• B) recording the account number to which the entry was posted.
• C) recording the posted account's initials.
• D) recording the initials of the person who did the posting.

---

Definitions:

Earned Income

Revenue generated from the sale of goods or services by an organization or individual.

Earned Income

Earned income is revenue generated from the sale of goods and services. For nonprofits, this includes income earned aside from donations and grants.

Social Enterprise

Social enterprise denotes a business model that aims to address social problems or improve communities, environments, or people's lives through sustainable and revenue-generating strategies.

Board of Directors

A group of elected individuals who represent shareholders or stakeholders, overseeing the activities and governance of an organization to ensure its success and compliance.