The first step in the posting procedure is writing the
A) entry date in the Date column of the account.
B) journal page number in the Post. Ref. column of the journal.
C) account number in the Post. Ref. column of the account.
D) entry amount in the Debit or Credit column of the account.
Correct Answer:
Verified
Q5: The formula for calculating net income is
Q6: If the previous account balance and the
Q7: Adjusting entries must be posted to the
Q8: Temporary accounts are used to accumulate information
Q9: If an error is recorded in a
Q11: Income Summary is a(n)
A) asset account.
B) liability
Q12: Assets taken out of a business for
Q13: The entry to establish a $200.00 petty
Q14: If an amount is recorded on the
Q15: On a work sheet, the balance of
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