The posting reference column on the general journal:
A) shows which transactions have been posted to the ledger.
B) displays to which accounts the transactions have been posted.
C) allows us to cross reference to the general ledger.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

The posting reference column in the general journal serves multiple purposes: it indicates which transactions have been posted to the ledger (A), shows to which specific accounts those transactions have been posted (B), and facilitates cross-referencing between the journal and the general ledger (C). Therefore, all of the given options are correct.

The Posting Reference Column on the General Journal