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Critics of act utilitarianism argue that its proponents "worship rules."
Post. Ref.
A reference column in a journal entry that indicates the ledger account number where the entry appears, aiding in the tracking of transactions.
Posting Process
The act of transferring entries from the journal to the ledger accounts in bookkeeping.
Subsidiary Ledger
A detailed ledger that contains all the transaction details of a specific account, which are then summarized in the general ledger.
Control Account
An account in the general ledger that summarizes the balances of a group of related accounts to keep the general ledger streamlined and manageable.
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