Each individual entry in the purchases journal is posted to the general ledger at the end of each day.

Name: Each individual entry in the purchases journal is posted to the general ledger at the end of each day.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Entries from the purchases journal are typically posted to the general ledger periodically, not necessarily at the end of each day. The frequency of posting can vary based on the company's accounting practices.

Each Individual Entry in the Purchases Journal Is Posted to the General