Proving the postings of a single-column purchases journal would involve comparing the
A) general ledger posting to Accounts Payable to the debit postings of the accounts receivable subsidiary ledger.
B) general ledger debit posting to Accounts Payable to the general ledger credit posting to Inventory.
C) general ledger credit posting to Accounts Payable to the general ledger debit posting to Inventory.
D) debit postings to the accounts receivable subsidiary ledger to the credit postings to the accounts payable subsidiary ledger.

Question

Quizplus · Accepted Answer

The purchases journal is used to record all purchases made on credit, typically from vendors or suppliers. The journal is a single-column format, meaning only one account is affected in each transaction. In this case, that account is Accounts Payable. The general ledger credit posting to Accounts Payable represents the total amount of credit purchases recorded in the purchases journal. The general ledger debit posting to Inventory represents the increase in inventory resulting from those purchases. Therefore, comparing the general ledger credit posting to Accounts Payable to the general ledger debit posting to Inventory allows for proof of the accuracy of the postings in the purchases journal.

Proving the Postings of a Single-Column Purchases Journal Would Involve