When an Individual Entry Is Posted from the Combination Journal

question 22

Multiple Choice

When an individual entry is posted from the combination journal to a ledger account,what information is entered in the "Post.Ref." column of the combination journal?

• A) the letters "CJ"
• B) the letters "CJ" and the page number
• C) the letters "CJ" and the invoice number
• D) the account number

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Definitions:

Innocent Misrepresentation

A false statement made about a material fact by a person who believed the statement was true.

Material Fact

An important fact that, if known, could influence a decision in a contract, transaction, or legal case. It is a fact that matters to the matter at hand.

Rescind

To revoke, cancel, or annul a contract or agreement, typically due to the discovery of errors or fraud.

Innocent Misrepresentation

A false statement made by one party to another without knowledge of its falsity, not intended to deceive, but which leads the other party to enter into a contract or agreement.