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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

What does cross-referencing mean in the posting process?

To determine

Explain the meaning of cross referencing in the posting process.

Explanation

Posting transactions: The process of transferring the journalized transactions into the accounts of the ledger is known as posting the transactions.

Meaning of cross referencing:

  • ■ In the process of posting transactions, the page number of the journal is marked in the Posting Reference column of the ledger account, an...

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