Question: What are posting references? Why are they used? Discuss.

What are posting references? Why are they used? Discuss.

Step by Step Solution

★★★★★

3.45 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Posting Reference The posting reference have the abb... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1008-B-A-P (756).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing (1) A posting to a general ledger account, (2) A posting to a subsidiary ledger...

Q:

Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing (1) A posting to a general ledger account, (2) A posting to a subsidiary ledger...

Q:

When you typically enter a front door to any business, you would normally see right off the bat what that business main focal point is or what their mission statement is. Their primary reasons for...

Q:

This subject is nutrion. Please select one of the topic that you have a complete understanding of and follow the instructions. Please and thanks in advance for your help. 1. Explain the various...

Q:

The following transactions relate to the operation of Freefox Publishing during July 2023. 2nd Sold goods for cash, plus GST. (Hint: PSI, CRJ and IC entries) Product Units Donne 001 230 Donne 002 280...

Q:

INDIVIDUAL ASSIGNMENT GUIDELINES 1) This task relates to completing a set of accounts for a business and preparing the financial statements for one financial period (being one month). 2) Based on the...

Q:

need answers too all these questions 10 Discussion Questions 1. What is posting? 2. What is a ledger? 3. In what order are accounts arranged in the general ledger? Why? 4. What are posting...

Q:

Answers to Comprehensive Sell Review at Discussion Questions 1. What is posting? 2. What is a ledger? 3. In what order are accounts arranged in the general ledger? Why 4. What are posting references?...

Q:

What are posting references? Why are they used?

Q:

5. What are posting references? Why are they used?

Q:

Assume that capital markets do not exist. Ryan has $70,000 today (t = 0) and will receive $90,000 in exactly one year (t = 1). The graph below illustrates point Y: having $70,000 now and receiving...

Q:

Imagine a book that is falling from a shelf. At a particular moment during its fall, the book has a kinetic energy of 24 J and a potential energy with respect to the floor of 47 J. (a) How does the...

Q:

answer this True or False Question )) Typically the balance in the additional paid-in capital account will be larger than the common stock account of a company that issues par value stock. True O...

Q:

The following is from an article in USA Today: In what some call a worldwide corporategovernance movement, shareholders are pushing for stronger corporate-governance laws, teaming with investors from...

Q:

Generally accepted accounting principles are developed by the Financial Accounting Standards Board (FASB) through proposed statements and solicitation of feedback from interested individuals, groups,...

Q:

Financial statements are: a. Accumulated financial data summarized in periodic reports. b. Accumulated transactions of the firms sales activities. c. A summary of records and procedures that make up...

Q:

Selecting the right employees is a critical step for enhancing the entitys system of internal control and fraud prevention. Reflected below are several possible ways to check the background of...

Q:

Calculatiag initial investment Vastine Medical. Inc.. is considering replacing its existing computer system, which was purchased 3 years ago at a cost ot $321,000. The system can be sold today for...

Q:

whats the answer ? Question 5 Weston Mnes has a cost of equity of 140 percent, a pretax cost of debt of 7.3 percent, and a return on assets of 12.6 percent. Ignore taxes What is the debt-equity...

Q:

1. How long will it take to save $15,000 by making deposits of $90 at the end of every month into an account earning interest at 4% compounded quarterly? (5 marks) 2. Compute the nominal annual rate...