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
C) Accounts Receivable; Sales
D) Accounts Receivable; Purchases
Correct Answer:
Verified
Q72: Entries in a sales journal
A) are made
Q75: Postings from the purchases journal to the
Q76: Adjusting entries are recorded
A) only on the
Q80: If a company purchases merchandise for cash
Q82: The "Other Accounts" column in a cash
Q86: Which of the following is not a
Q89: Evidence that the monthly posting of the
Q90: Entries in the purchases journal are made
A)
Q94: The process of totaling the columns of
Q96: Proving the equality of the totals in
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