The Posting Reference Column in the General Journal Is Used

question 132

Multiple Choice

The posting reference column in the general journal is used to:

• A)indicate if the account is an asset, a liability, or an owner equity.
• B)provide space for the bookkeeper to initial the transaction.
• C)record the page number of the general journal.
• D)record the account number of the general ledger account.

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Definitions:

Marx

Refers to Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist whose works have significantly influenced socialist and communist movements worldwide.

Social Stratification

The hierarchical arrangement and classification of individuals or groups in society based on wealth, income, social status, occupation, or other criteria.

Marx

Refers to Karl Marx, a 19th-century philosopher, economist, and revolutionary, best known for his theories about capitalism and communism.

Weber

Max Weber, a German sociologist, philosopher, and political economist known for his theories on the structure of society, bureaucracy, and the nature of authority.