The posting reference should always be recorded in the journal's Post. Ref. column before amounts are recorded in the ledger.
Correct Answer:
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Q1: All corrections for posting errors should be
Q2: A check mark in the Post. Ref.
Q3: The account number is placed in the
Q5: The two steps for opening an account
Q6: A check mark in parentheses below a
Q7: The procedure of arranging accounts in a
Q8: The column total of the General Credit
Q9: The Cash account is the first asset
Q10: The steps for posting are to write
Q11: If the payment of cash for rent
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