The principal purpose of posting is to
A) help identify errors made in the journal.
B) accumulate the effects of journalized transactions in the individual accounts.
C) enter transactions directly into the ledger.
D) help determine if the financial statements are ready to be prepared.
Correct Answer:
Verified
Q125: If the sum of the debit column
Q127: Customarily a trial balance is prepared
A) at
Q129: A list of accounts and their balances
Q195: Typically the chart of accounts begins with
A)asset
Q196: Equipment costing $20,000 is purchased by paying
Q197: Which of the following accounts would likely
Q198: Which of the following accounts is an
Q199: A journal
A)contains only asset and liability accounts.
B)is
Q201: A trial balance
A)is a list of accounts
Q205: Ibsen Company rendered services and collected half
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