All of the column totals in the cash receipts journal are posted to general ledger accounts except the

Question

Quizplus · Accepted Answer

The cash receipts journal is used to record all cash received by a business. The column totals of the journal are posted to various general ledger accounts. The Accounts Receivable, Cash, and Sales column totals are all important and need to be posted to their respective accounts. However, the Other Accounts column total is not specific enough and may include a variety of different transactions that need to be individually posted to their appropriate general ledger accounts. Therefore, the correct answer is D, the Other Accounts column total is the only one that is not posted to a general ledger account.

All of the Column Totals in the Cash Receipts Journal