The statement that is NOT CORRECT about the general ledger is __________ . a. postings are based on source documents. b. the T-account format or ledger running balance format may be adopted. c. It follows the sequence of the accounts in the chart of accounts. d. the opening balances are entered before posting current transaction entries

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 4PA: Use the journals and ledgers that follow. Total the journals. Post the transactions to the...
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The statement that is NOT CORRECT about the general ledger is __________ .

a.

postings are based on source documents.

b.

the T-account format or ledger running balance format may be adopted.

c.

It follows the sequence of the accounts in the chart of accounts.

d.

the opening balances are entered before posting current transaction entries.

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