Asked by Nurul Ainaa on May 19, 2024
Verified
Shown below is a page from cash payments journal. 
Using the cash payments journal above identify each of the posting references indicated by a letter as representing:
(1) a posting to a general ledger account.
(2) a posting to a subsidiary ledger account.
(3) that no posting is required.
Subsidiary Ledger
A detailed ledger that contains account information relating to specific areas like accounts receivable or payable, supporting the general ledger.
General Ledger
The master set of accounts that aggregates all transactions recorded for a business.
- Attain a thorough comprehension and ability to utilize special and general journals in the recording of transactions.
Verified Answer
OA
Learning Objectives
- Attain a thorough comprehension and ability to utilize special and general journals in the recording of transactions.
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