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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

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
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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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.
Transcribed Image Text: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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