Asked by Kiranjeet Badesha on Jul 29, 2024

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The posting reference column on the general journal:

A) shows which transactions have been posted to the ledger.
B) displays to which accounts the transactions have been posted.
C) allows us to cross reference to the general ledger.
D) All of the above are correct.

Posting Reference Column

Part of accounting ledgers, indicating the journal page from which the transaction was posted.

General Journal

A foundational accounting document where financial transactions are initially recorded, providing a permanent record.

General Ledger

A general ledger is a complete record of all financial transactions over the life of a company.

  • Understand the correct application and importance of the posting reference column within the ledger.
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JN
Jaxon NaramoreJul 30, 2024
Final Answer :
D
Explanation :
The posting reference column in the general journal serves multiple purposes: it indicates which transactions have been posted to the ledger (A), shows to which specific accounts those transactions have been posted (B), and facilitates cross-referencing between the journal and the general ledger (C). Therefore, all of the given options are correct.