Which of the following correctly describes the posting of transactions from the sales journal? a. Individual accounts receivable are posted daily to the general ledger. b. At the end of the month, the totals of the columns are posted to the general ledger. c. Transactions are posted daily to the general ledger. d. The total of the Accounts Receivable DR, Sales Revenue CR column is posted to the accounts receivable subsidiary ledger.
Which of the following correctly describes the posting of transactions from the sales journal? a. Individual accounts receivable are posted daily to the general ledger. b. At the end of the month, the totals of the columns are posted to the general ledger. c. Transactions are posted daily to the general ledger. d. The total of the Accounts Receivable DR, Sales Revenue CR column is posted to the accounts receivable subsidiary ledger.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 3CE
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Which of the following correctly describes the
a. Individual
b. At the end of the month, the totals of the columns are posted to the general ledger.
c. Transactions are posted daily to the general ledger.
d. The total of the Accounts Receivable DR, Sales Revenue CR column is posted to the accounts receivable subsidiary ledger.
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