The ________ indicates where the information originated and to where the information was transferred.
A)general journal
B)Balance Sheet
C)general ledger
D)posting reference

Question

Quizplus · Accepted Answer

The posting reference is a notation that indicates the source of the transaction and the destination of the transaction. This allows for easy tracking of the transaction through the accounting system. The general journal records all transactions, the balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time, and the general ledger is a record of all the accounts in a company's accounting system. None of these options provide the specific information on the origin and transfer of a transaction that the posting reference does.

The ________ Indicates Where the Information Originated and to Where