Which of the following is the proper sequence for end-of-the-month work with the combination journal?
A) complete the individual postings,total and rule the columns,prove the journal,complete the summary postings
B) prove the journal,total and rule the columns,complete the individual posting,complete the summary postings
C) total and rule the columns,complete the individual postings,complete the summary postings,prove the journal
D) total and rule the columns,complete the summary postings,complete the individual postings,prove the journal

Question

Quizplus · Accepted Answer

The correct sequence for end-of-the-month work with the combination journal involves completing individual postings first, which ensures all entries are accurately recorded. Next, total and rule the columns to finalize the figures. Then, prove the journal to ensure the debits and credits balance. Finally, complete the summary postings to summarize the period's activities. This sequence ensures accuracy and completeness in the accounting records.

Which of the Following Is the Proper Sequence for End-Of-The-Month