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Totaling, Proving, and Ruling a. When totaling, proving, and ruling the purchases
Chapter 17, Problem 5(choose chapter or problem)
Totaling, Proving, and Ruling
a. When totaling, proving, and ruling the purchases journal, where are the double rules placed?
b. What does the check mark (✓) in the first Posting Reference column indicate?
Questions & Answers
QUESTION:
Totaling, Proving, and Ruling
a. When totaling, proving, and ruling the purchases journal, where are the double rules placed?
b. What does the check mark (✓) in the first Posting Reference column indicate?
ANSWER:Step 1 of 3
A purchase journal is a specialized journal used to record the credit purchase of merchandise in the business. It is also called a purchase book. It keeps track of all the purchases on accounts payable for a period.