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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