The Post Reference Columns Are Used to Trace Transactions from the Journal

question 108

Multiple Choice

The post reference columns are used to trace transactions from the journal to the accounts. What will be posted on the post reference column of (a) the journal and (b) on the account?

• A) (a) the amount of the debit or credit (b) the journal page number
• B) (a) the journal page number (b) the date of the transaction
• C) (a) the journal page number, (b) the account number
• D) (a) the account number, (b) the journal page number

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Definitions:

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A financial situation where a government's expenditures exceed its revenues in a given fiscal period, leading to borrowing or debt accumulation.

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