The posting reference column in the journal is used for:
A)recording the source documents identification number.
B)recording the account number to which the entry was posted.
C)recording the balance when the entry was posted.
D)recording the initials of the person who did the posting.

Question

Quizplus · Accepted Answer

The posting reference column in the journal is used to record the account number to which the entry was posted. This helps in identifying the accounts affected by the entry and in maintaining an accurate accounting record. The other options listed are not correct as the source documents identification number, balance, and initials of person who did the posting are typically recorded in other columns or areas of the accounting record.

The Posting Reference Column in the Journal Is Used For