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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
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? Why are they used? 5. What is the purpose of a journal? 6. What is the value of having a description for each general journal entry? 7. What procedure is used to record an entry in the general journal? 8. What is a compound journal entry? 9. How should corrections be made in the general journal? 10. What is an audit trail? Why is it desirable to have an audit trail? 11. What is the accounting ovcle
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