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Posting Column Totals a. Which sales journal column total is posted to the general
Chapter 16, Problem 5(choose chapter or problem)
Posting Column Totals
a. Which sales journal column total is posted to the general ledger Sales account?
b. When posting column totals from the cash receipts journal to the general ledger, which total is not posted?
Questions & Answers
QUESTION:
Posting Column Totals
a. Which sales journal column total is posted to the general ledger Sales account?
b. When posting column totals from the cash receipts journal to the general ledger, which total is not posted?
ANSWER:Step 1 of 3
A general ledger is also known as a nominal ledger that is a bookkeeping ledger in which accounting data is posted from information entered in the general journals and from subledgers such as accounts receivable, accounts payable, fixed assets, cash management, purchasing and projects.