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:

Complexity

The degree to which a project or task is complicated, often influenced by the number of interrelated components, variability, and uncertainty.

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other.

Assignable Causes

Sources of variation in a process or system that can be identified and usually eliminated, distinguished from random causes that are inherent in the system.

Production Environment

The setting where software and systems are deployed and operated for end-users in real-world scenarios, often contrasted with development or testing environments.