The Entries in the Sales Journal Must Also Be Posted

question 92

Multiple Choice

The entries in the sales journal must also be posted individually to the

• A)Accounts Receivable and Sales accounts.
• B)Sales account.
• C)accounts receivable ledger.
• D)Accounts Receivable controlling account.
• E)accounts payable ledger.

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Definitions:

Magnetic Strip

A strip of magnetic material on a credit card or other card containing data that can be read by swiping it through a reader.

Data

Information, especially facts or numbers, collected to be examined and considered and used to help make decisions.

Cutoff Hour

The specific time by which a certain action must be completed, often used in banking and other time-sensitive environments.

Handling Checks

Refers to the process involved in managing and processing checks, including endorsement, presentation for payment, and settlement.