A CR5 Posting Reference in a Subsidiary Ledger Indicates That

question 9

Multiple Choice

A CR.5 posting reference in a subsidiary ledger indicates that:

• A)the posting is transferred from the cash receipts journal, page 5.
• B)the transaction in page number 5 is credited.
• C)the credited amount is after a 5% discount.
• D)the sales on credit is expected to be paid within 5 days.

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Definitions:

Profit Centers

Segments or areas within an organization that are responsible for generating their own revenues and profits.

Square Footage

Square Footage is a measurement of area used primarily in the United States to indicate the size of a space, such as a room, house, or building, measured in feet.

Production Departments

Specific areas or divisions within a manufacturing facility focused on producing particular goods or services.

Profit Centers

Divisions or units within a business that are responsible for generating revenue exceeding their costs, contributing to the company's profit.