The Account Most Recently Posted Is Determined Most Efficiently by Referring

question 38

Multiple Choice

The account most recently posted is determined most efficiently by referring to the

• A)Post.Ref.column of the ledger.
• B)balance column of the ledger.
• C)date column of the general journal.
• D)Post.Ref.column of the general journal.

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Definitions:

Potential Shortcomings

Possible weaknesses or failures that could limit success or effectiveness in achieving desired outcomes or objectives.

Production Budget

A financial plan that estimates the cost of producing a product or offering a service, including direct materials, labor, and overhead.

Desired Ending Inventory

The ideal quantity of goods a company aims to have on hand at the end of an accounting period to meet customer demand without overstocking.

Cash Disbursements

Payments made in cash or through cash equivalents, including expenses, debt payments, and purchases of goods and services.