A column in journals and ledger accounts that is used to cross reference journal and ledger entries is the:

A) Account balance column.
B) Debit column.
C) Posting reference column.
D) Credit column.
E) Description column.

Question

Zhanelya Abylkassymova · Accepted Answer

Final Answer : C, Explanation :  The posting reference column is used to cross reference journal and ledger entries by indicating the corresponding journal or ledger account number for each entry. This helps to ensure that transactions are accurately recorded and can be easily traced throughout the accounting system. The account balance column shows the current balance of each account, while the debit and credit columns show the amounts debited or credited to each account. The description column provides additional detail about each transaction.

A column in journals and ledger accounts that is used to cross reference journal and ledger entries is the:

A) Account balance column.
B) Debit column.
C) Posting reference column.
D) Credit column.
E) Description column.

Definitions

Learning Objectives

Learning Objectives

Related questions

A column in journals and ledger accounts that is used to cross reference journal and ledger entries is the:A) Account balance column.B) Debit column.C) Posting reference column.D) Credit column.E) Description column.

Definitions

Learning Objectives

Learning Objectives

Related questions

A column in journals and ledger accounts that is used to cross reference journal and ledger entries is the:

A) Account balance column.
B) Debit column.
C) Posting reference column.
D) Credit column.
E) Description column.