Which of the following is true of posting entries from a cash payment journal to a general ledger?
A)Entries in the cash payments journal are posted monthly to the accounts payable subsidiary ledger and daily to the general ledger.
B)The postings of accounts payable are credits and increase the balance in the individual accounts payable account.
C)After posting, a check mark is entered in the cash payments journal and the posting reference is printed in the subsidiary ledger.
D)At the end of the month, each column is totaled and the totals, including the Other Accounts DR column, are posted to the specific general ledger accounts.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is true of posting entries from a cash payment journal to a general ledger?
A)Entries in the cash payments journal are posted monthly to the accounts payable subsidiary ledger and daily to the general ledger.
B)The postings of accounts payable are credits and increase the balance in the individual accounts payable account.
C)After posting, a check mark is entered in the cash payments journal and the posting reference is printed in the subsidiary ledger.
D)At the end of the month, each column is totaled and the totals, including the Other Accounts DR column, are posted to the specific general ledger accounts.

Which of the Following Is True of Posting Entries from a Cash