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geftermif geftermif
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5 years ago
Which of the following is true of posting from a sales journal to the general ledger?
A) Entries in the sales journal are posted to either the accounts receivable subsidiary ledger or the general ledger.
B) Individual accounts receivable are posted daily from the sales journal to the accounts receivable subsidiary ledger.
C) Even though the sales journal is posted monthly to the subsidiary ledger, it is a reliable record of the amount received from each customer.
D) Under a perpetual inventory system, the sales journal will not have the Cost of Goods Sold DR and Merchandise Inventory CR column.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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macbookpro1macbookpro1
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geftermif Author
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5 years ago
Upwards Arrow Correct again
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