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 Merchandise Inventory.
C) general ledger credit posting to Accounts Payable to the general ledger debit posting to Merchandise Inventory.
D) debit postings to the accounts receivable subsidiary ledger to the credit postings to the accounts payable subsidiary ledger.

Question

Quizplus · Accepted Answer

The purchases journal records all purchases of merchandise on credit. Each entry typically includes the accounts debited and credited, such as Accounts Payable (credit) and Merchandise Inventory (debit). To prove the postings of a one-column purchases journal, we need to compare the general ledger credit posting to Accounts Payable with the general ledger debit posting to Merchandise Inventory, as these are the two accounts affected by the entries. This ensures that the total debits and credits match and that the journal entries were posted correctly. Therefore, choice C is the best option.

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