When a sales journal is posted to the general ledger at the end of the month, the accountant totals the Accounts Receivable DR, Sales Revenue CR and Cost of Goods Sold DR, Merchandise Inventory CR columns. This process is commonly called:
A)scalping.
B)ticking.
C)footing.
D)framing.

Question

Quizplus · Accepted Answer

The process of totaling the columns in the sales journal is called "footing." This ensures that the accounts in the sales journal agree with the accounts in the general ledger. "Scalping" and "framing" are not relevant accounting terms, and "ticking" refers to marking specific items or transactions within a document, rather than totaling columns.

When a Sales Journal Is Posted to the General Ledger