Asked by
Shellie Denise
on Dec 16, 2024
Verified
What is the posting reference that will be found in the cash account?
A) 11
B) 15
C) 3
D) 13
Cash Account
A financial account that records cash transactions in and out.
Posting Reference
A code or number used in accounting to indicate the ledger account to which a transaction has been posted.
Journal Entry
A record in the books of accounts that documents a financial transaction, showing the accounts and amounts debited and credited.
- Pinpoint and execute the proper posting references within journal and ledger documentation.
- Comprehend the function and organizational role of the chart of accounts in managing financial data.
Verified Answer
AF
Learning Objectives
- Pinpoint and execute the proper posting references within journal and ledger documentation.
- Comprehend the function and organizational role of the chart of accounts in managing financial data.
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