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; Sales Discounts

Question

Quizplus · Accepted Answer

The sales journal records sales transactions, which are posted to both the accounts receivable and sales revenue accounts in the general ledger. Therefore, choice C is the best answer, as it includes both affected accounts. Choice A is incorrect, as it only includes accounts receivable and its subsidiary accounts, but not the sales revenue account. Choices B and D are also incorrect, as they do not include the accounts receivable account, which is always affected by sales transactions.

Which Accounts in the General Ledger Are Affected When the Monthly