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

question 38

Multiple Choice

Which of the following is TRUE of posting entries from a cash payments journal?

• 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 the payment of accounts payable, 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:

Serious Absenteeism

refers to a consistent pattern of being absent from work or obligations without valid reason, often signaling deeper issues like employee dissatisfaction or personal problems.

Wrongful Dismissal

The termination of an employee's contract of employment in violation of the law or the terms of the contract itself.

Severance Pay

Financial compensation awarded to an employee upon termination of employment, typically based on length of service or contractual agreement.

Constructive Dismissal

Unilaterally demoting or changing the duties of an employee, contrary to what was agreed to in the employment contract; conduct that essentially terminates a pre-existing contractual relationship, which could be treated as dismissal.