Which of the following correctly describes the posting of transactions from the sales journal? Individual accounts receivable are posted daily to the general ledger. At the end of the month, the totals of the columns are posted to the general ledger. Transactions are posted daily to the general ledger. The total of the Accounts Receivable DR, Sales Revenue CR column is posted to the accounts receivable subsidiary ledger

Which of the following correctly describes the posting of transactions from the sales journal? Individual accounts receivable are posted daily to the general ledger. At the end of the month, the...

Which of the following correctly describes the posting of transactions from the sales journal?

At the end of the month, the totals of the columns are posted to the general ledger.

The total of the Accounts Receivable DR, Sales Revenue CR column is posted to the accounts receivable subsidiary ledger

Nov 11, 2021