A CR.5 posting reference in a subsidiary ledger signifies that the ________.
A) posting is transferred from the cash receipts journal, page 5
B) transaction on page number 5 is credited
C) amount credited is after a 5% discount
D) sales on credit is expected to be paid within five days

Question

Quizplus · Accepted Answer

The "CR.5" posting reference in a subsidiary ledger indicates that the posting is transferred from the cash receipts journal, page 5. This notation helps in tracking where the entry originated.

A CR5 Posting Reference in a Subsidiary Ledger Signifies That the the ________