Which of the following is true concerning posting?
A) The date of the transaction should be written in the account's Date column.
B) The page number of the journal should be written in the Post. Ref. column of the ledger account.
C) The amount of the transaction should be recorded in either the debit or credit column.
D) The ledger account number should be recorded in the Post. Ref. column of the journal.
E) All of the answers listed are correct.

Question

Quizplus · Accepted Answer

All of the statements A through D are correct practices in the posting process. A) ensures that each entry in the ledger is dated for chronological tracking. B) links the ledger entry back to the original journal entry for traceability. C) is a fundamental rule of double-entry bookkeeping, where every transaction is recorded in both a debit and a credit column. D) facilitates the tracking of transactions from the journal to the specific ledger account, enhancing the audit trail.

Which of the Following Is True Concerning Posting