In the following General Journal transaction, to what do the numbers 101 and 301 refer?

A) General Ledger account numbers
B) Transaction numbers
C) Employee numbers
D) General journal numbers

Question

In the following General Journal transaction, to what do the numbers 101 and 301 refer?

A) General Ledger account numbers 
B) Transaction numbers 
C) Employee numbers 
D) General journal numbers

Quizplus · Accepted Answer

The numbers 101 and 301 are likely to be General Ledger account numbers, as the General Journal records transactions that affect specific accounts within the accounting system.

In the Following General Journal Transaction, to What Do the Numbers