Asked by Christyon Pulley on Apr 24, 2024
Verified
To show that you have posted to an account in the General Ledger, you use a checkmark.
General Ledger
A comprehensive set of accounts that records all financial transactions of a business, providing the data needed to compile financial statements.
- Recognize the correct methods for posting transactions to the General Ledger and subsidiary ledgers.
Verified Answer
ÓA
Óscar Aguado Simón7 days ago
Final Answer :
False
Explanation :
To show that you have posted to an account in the General Ledger, you typically use a posting reference or a folio number, not a checkmark. This helps in tracking and cross-referencing entries between the General Ledger and subsidiary ledgers or journals.
Learning Objectives
- Recognize the correct methods for posting transactions to the General Ledger and subsidiary ledgers.