The chart of accounts for the Miguel Company includes the following:
Page 3 of the journal contains the following transaction:

-
What posting references will be found in the journal entry?
A) 41, 3
B) 3, 11
C) 11, 41
D) 11, 3

Question

The chart of accounts for the Miguel Company includes the following:  
 Page 3 of the journal contains the following transaction:
  
- 
What posting references will be found in the journal entry?
A) 41, 3 
B) 3, 11 
C) 11, 41 
D) 11, 3

Quizplus · Accepted Answer

Posting references in a journal entry typically indicate the account numbers from the chart of accounts that are being debited and credited. In this case, "11" could represent the account being debited, and "41" the account being credited, following standard accounting practices.

The Chart of Accounts for the Miguel Company Includes the Following