which of the following statements best describes journalizing transactions?
a.journalizing occurs after posting to the ledger
b.journalizing must be done daily
c.journalizing is the process where events of buisness are recorded in the journal
d.journalizing cant be completed until the ledger accounts have been opened
which of the following best describes the ledger
a.the ledger is known as the book of original entry
b.the ledger contains the accounts of the buisness, catergorized by account classification
c.the ledger will dtermine the accuracy of information recorded in the journal
d.the ledger contains a list of business transactions, arranged by date
opening a ledger account involves?
a.recording the account title on the ledger page
b.recording the account title and account number on the legder page
c.recording the account title, account number, and account balance on the ledger page
d.posting the debit amount, credit amount, and source explanation to the ledger
2007-03-15
09:01:15
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5 answers
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asked by
veronica432578
2
in
Business & Finance
➔ Personal Finance
10 points for whoever answers
2007-03-15
09:01:46 ·
update #1
the first and most important step in the posting precedure is
a.posting the amount
b.posting the date
c.posting the explanation
d.recording the posting reference information
which of the follwoing best describes a chart of accounts?
a.it can contain only 39 accounts
b.it assures the equality of debits and credits
c.it contains the beginning balance for each account in the ledger
d.its a list of account titles in the order in which they can be found in the ledger
the first step in posting either a debit or credit entry from the journal to the ledger is to transfer the?
a.amount
b.explanation
c.account number
d.date
2007-03-15
09:10:09 ·
update #2