College Accounting (Book Only): A ...
Solutions
College Accounting (Book Only): A ...
Arrange the following steps in the posting process in correct order:
- a. Write the ledger account number in the Post. Ref. column of the journal.
- b. Write the amount of the transaction.
- c. Write the date of the transaction.
- d. Write the page number of the journal in the Post. Ref. column of the ledger account.
Indicate the correct sequence of the steps in the posting process.
Posting transactions: The process of transferring the journalized transactions into the accounts of the ledger is known as posting the transactions.
The following are the steps in accounting process:
- â– Indicate the date of the journal entry in the Date column of the ledger account.
- â– Record the dollar amount in Debit and Credit columns of the respective ledger account, and enter new balances...
Chapter 3 Solutions
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