Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is NOT true about posting the cash receipts journal information at the end of the month? O a. Insert the date

Which of the following is NOT true about posting the cash receipts journal information at the end of the month? O a. Insert the date in the Date column and "CR" and the page number in the Posting Reference column of each ledger account. Ob. Post the individual amounts from the General Credit column to the appropriate general ledger accounts. Oc. Total the amount columns, prove the total of debits equal to credits, and rule the columns. Od. Post each column total except the General Credit column total to the general ledger accounts.
image text in transcribed
image text in transcribed
Which of the following is NOT true about posting the cash receipts journal information at the end of the month? 2. Insert the date in the Date column and " CR ' and the page number in the Posting Reference column of each ledger account. b. Post the indmdual amounts from the General Credit column to the appropnate general ledger accounts. c. Total the amount columns, prove the total of debits equal to credits, and rule the columns: A. Post each column total except the General Credit column total to the general ledger accounts Which of the following is NOT true about posting the cash receipts journal information at the end of the month? a. Insert the date in the Date column and " CK and the page number in the Posting Reference column of each iedger account. b. Poit the indivdual amounts from the General Credit column to the appropriate general ledger accounts. c. Total the amount columns, prove the total of debits equal to credits, and rule the columns: d. Poot each column total except the General Credit column fotal to the general ledger accounts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring Strategic Change

Authors: Julia Balogun, Veronica Hope Hailey, Stafanie Gustafsson

4th Edition

0273778919, 9780273778912

More Books

Students also viewed these Accounting questions