Asked by Marina Castelluzzo on May 25, 2024

verifed

Verified

An (x) below the "Other Accounts" column in a cash receipts journal indicates the

A) total has been posted to the general ledger.
B) total is not posted to the general ledger.
C) column has been footed.
D) column has been cross-footed.

Other Accounts Column

A ledger or journal column reserved for transactions that do not fit into the standard categories of accounting entries.

General Ledger

A complete record of all financial transactions over the life of a company, serving as the foundation of the financial statements.

Cross-footed

A term used in accounting to describe the process of checking the accuracy of figures by verifying the sums across different columns on a financial document.

  • Acquire knowledge about how entries are moved from journals to general and subsidiary ledgers.
verifed

Verified Answer

BC
Braque CarterMay 31, 2024
Final Answer :
B
Explanation :
An (x) below the "Other Accounts" column in a cash receipts journal indicates that the total is not posted to the general ledger. This column is used to record cash received for accounts other than those listed in the regular accounts columns. Therefore, the total of this column is not normally posted to the general ledger.