A Posting Reference Column Is Used ________

question 28

Multiple Choice

A posting reference column is used ________.

• A) while preparing the trial balance using the ledger
• B) when the information is transferred from the journal to the ledger
• C) when the information is transferred from the ledger to the post-closing trial balance
• D) while preparing the balance sheet using the trial balance

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Definitions:

Materials Requisition

A formal request within a company for the use of specific materials or goods, necessary for production processes or tasks.

Storeroom

A room or space used for storing supplies, materials, or equipment.

Factory

A building or complex where goods are manufactured or assembled primarily by machine.

Finished Goods

Items that have finished being made but haven't been purchased by buyers yet.