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

question 129

Multiple Choice

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

• A)Entries in the cash payments journal are posted monthly to the accounts payable subsidiary ledger and daily to the general ledger.
• B)The postings of accounts payable are credits and increase the balance in the individual accounts payable account.
• C)After posting, a check mark is entered in the cash payments journal and the posting reference is printed in the subsidiary ledger.
• D)At the end of the month, each column is totaled and the totals, including the Other Accounts DR column, are posted to the specific general ledger accounts.

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Definitions:

Irene Pepperberg

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