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.

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Definitions:

Questionable Behaviour

Actions that raise doubt about moral, ethical, or proper conduct.

Ethical Rationalizations

Justifications made to excuse or legitimize behavior that may be morally questionable or unethical.

Safe

A secure container used for the storage of valuable objects against theft or damage.

Unethical Behaviour

Actions or practices that violate social norms, laws, or standards of conduct, often causing harm or disadvantage to others.