38. MC.03.043Theis a book or file containing the activity by accounts of a business.a. journalb. trial balancec. general ledgerd. income statement39. MC.03.044Posting involvesa. transferring information from the journal to the ledger.b. transferring information from the income statement to the statement of owner's equity.c. transferring information from ledger to the journal.d. transferring information from the ledger to the balance sheet.40. MC.03.045Which of the following is true concerning posting?a. The amount of the transaction should be recorded in either the debit or credit column.b. The ledger account number should be recorded in the Post. Ref. column of the journal.c. The date of the transaction should be written in the account's Date column.d. The page number of the journal should be written in the Post. Ref. column of the ledger account.e. All of these listed answers are correct.

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Answered: 38. MC.03.043 The is a book or file…

38. MC.03.043 The is a book or file containing the activity by accounts of a business. a. Journal b. trial balance c. general ledger d. income statement

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

38. MC.03.043
The
is a book or file containing the activity by accounts of a business.
a. journal
b. trial balance
c. general ledger
d. income statement
39. MC.03.044
Posting involves
a. transferring information from the journal to the ledger.
b. transferring information from the income statement to the statement of owner's equity.
c. transferring information from ledger to the journal.
d. transferring information from the ledger to the balance sheet.
40. MC.03.045
Which of the following is true concerning posting?
a. The amount of the transaction should be recorded in either the debit or credit column.
b. The ledger account number should be recorded in the Post. Ref. column of the journal.
c. The date of the transaction should be written in the account's Date column.
d. The page number of the journal should be written in the Post. Ref. column of the ledger account.
e. All of these listed answers are correct.

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