Check marks next to the individual amounts in the purchases journal mean that the amounts:
A)have been posted to the accounts payable subsidiary ledger.
B)have been posted to the general ledger.
C)have been posted to the accounts receivable subsidiary ledger.
D)do not need to be posted to any account.

Question

Quizplus · Accepted Answer

Check marks next to the individual amounts in the purchases journal mean that the amounts have been posted to the accounts payable subsidiary ledger. This allows a company to keep track of its outstanding balances owed to its vendors, and also enables easy reconciliation of the general ledger accounts.

Check Marks Next to the Individual Amounts in the Purchases