Which of the following correctly describes the posting of transactions from the sales journal? a. Individual accounts

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Horngrens Financial And Managerial Accounting The Managerial Chapters

ISBN: 9781292412337

7th Global Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

Question Posted: