Proving the postings of a one-column purchases journal would involve comparing the
A) general ledger posting to Accounts Payable to the debit postings of the accounts receivable subsidiary ledger.
B) general ledger debit posting to Accounts Payable to the general ledger credit posting to Inventory.
C) general ledger credit posting to Accounts Payable to the general ledger debit posting to Inventory.
D) debit postings to the accounts payable subsidiary ledger to the credit postings to the accounts payable subsidiary ledger.

Question

Quizplus · Accepted Answer

The purchases journal records all transactions related to purchases on credit. It is a one-column journal, which means that it only records one account being affected, in this case, Accounts Payable. When posting the transactions from the journal to the general ledger and subsidiary ledger, each entry is split into debit and credit postings. The debit posting is made to the Inventory account in the general ledger, while the credit posting is made to the Accounts Payable account in the general ledger. Thus, to prove the postings of a one-column purchases journal, we need to compare the general ledger credit posting to Accounts Payable to the general ledger debit posting to Inventory.

Proving the Postings of a One-Column Purchases Journal Would Involve