The Posting Reference column of the journal provides a cross-reference between the
A) ledger and accounts.
B) journal and ledger.
C) ledger and financial statements.
D) journal and financial statements.

Question

Quizplus · Accepted Answer

The Posting Reference column in the journal allows for a cross-reference between the journal and ledger, as it indicates the ledger account number to which the journal entry has been posted. This helps to ensure accuracy and consistency between the two records.

The Posting Reference Column of the Journal Provides a Cross-Reference