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:

Kurt Lewin

A seminal figure in psychology, known for being one of the founders of social psychology and for developing theories related to group dynamics and organizational development.

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Refers to a theory of psychology that emphasizes unconscious determinants of behavior and the importance of childhood experiences.

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A psychological theory suggesting that an organized whole is perceived as more than the sum of its parts, emphasizing pattern and context in perception.

Training

The process of enhancing one's skills, knowledge, and competencies through practice and instruction, aimed at improving performance in a specific area.