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answer all 5 Each individual entry in the purchases journal is posted to the general ledger at the end of each day. True or False
answer all 5 Each individual entry in the purchases journal is posted to the general ledger at the end of each day. True or False To show that the totals of the amount columns in the purchases journal were posted, the appropriate account numbers are written in parentheses below the totals. True or fabe Internal controls are important for medium- and large-sized businesses, but cannot be implemented for small businesses. True or Faise No amounts are posted from the purchases journal to the accounts payable subsidiary ledger during the month. True or False If an amount recorded in the general journal requires two postings, a dlagonal line is used to separate the two posting references in the posting reference column. True or false
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