Which accounts in the general ledger are affected when the monthly posting is made from the sales journal?
A) Accounts Receivable; accounts receivable subsidiary accounts
B) Accounts receivable subsidiary accounts; Sales Revenue
C) Accounts Receivable; Sales Revenue
D) Accounts Receivable; Purchases

Question

Quizplus · Accepted Answer

When a monthly posting is made from the sales journal, it affects the Accounts Receivable account (which is increased by the amount of sales made on credit) and the Sales Revenue account (which is increased by the total amount of sales made).

Which Accounts in the General Ledger Are Affected When the Monthly