Which of the Following Is True Concerning Posting

question 100

Multiple Choice

Which of the following is true concerning posting?

• A) The date of the transaction should be written in the account's Date column.
• B) The page number of the journal should be written in the Post. Ref. column of the ledger account.
• C) The amount of the transaction should be recorded in either the debit or credit column.
• D) The ledger account number should be recorded in the Post. Ref. column of the journal.
• E) All of the answers listed are correct.

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Definitions:

Sales Dollar

The total revenue generated from selling goods or services, measured in dollars.

Operating Income

Earnings before interest and taxes (EBIT), representing the income generated from normal business operations.

Fixed Costs

Costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance premiums.

Break-Even Sales

The amount of revenue required to cover a company's total fixed and variable costs, without making a profit or loss.