Which accounts in the general ledger are affected when the monthly posting is made from the sales journal?
A) Accounts Receivable; accounts receivable subsidiary accounts
B) Accounts receivable subsidiary accounts; Sales Revenue
C) Accounts Receivable; Sales Revenue
D) Accounts Receivable; Accounts Payable

Question

Quizplus · Accepted Answer

When the monthly posting is made from the sales journal, the sales revenue account and the accounts receivable account are both affected. The sales revenue account is credited, and the accounts receivable account is debited, as the amount owed by customers increases.

Which Accounts in the General Ledger Are Affected When the Monthly