Which of the Following Is True of Posting Entries from a Purchases

question 38

Multiple Choice

Which of the following is true of posting entries from a purchases journal to the general ledger?

• A)The posting references are not mentioned in the subsidiary ledger.
• B)The Accounts Payable balance in the general ledger should be less than the sum of the individual vendor balances in the subsidiary ledger.
• C)The amounts in the Other Accounts DR column are posted individually to the specific accounts.
• D)It is done on a daily basis for all the accounts.

---

Definitions:

Confidence Interval

A range of numbers, derived from statistical analyses of samples, likely to possess the value of a population parameter that remains unknown.

Confidence Interval

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Sample Mean

The average of a set of numerical values taken from a sample, intended to estimate the population mean.

Confidence Interval

A statistical range, with a given probability, that is likely to contain the true value of an unknown population parameter.