Question and answer
the first and most important step in the posting procedure is
To record a journal entry, begin by entering the date of the transaction in the journal's date column. For convenience, include the year and month only at the top of each page and next to each month's first entry. [ In the next column, list each account affected by the transaction on a separate line, and enter a short description of the transaction immediately below the list of accounts. The
accounts being debited always appear above the accounts being credited, which are indented slightly. The posting reference column remains blank until the journal entry is transferred to the accounts, a process called posting, at which time the account's number is placed in this column. Finally, enter the debit or credit amount for each account in the appropriate columns on the right side of the journal. Generally, one blank line separates each transaction. ]
Expert answered|petals29|Points 21|
Question
Asked 8/11/2012 4:25:42 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
17,972,361 questions answered
Popular Conversations
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2722 [Total 15097]| Ratings 0| Comments 2722| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1649 [Total 11130]| Ratings 4| Comments 1609| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 899 [Total 13128]| Ratings 0| Comments 899| Invitations 0|Offline
S
L
Points 615 [Total 2014]| Ratings 0| Comments 615| Invitations 0|Offline
S
1
L
L
Points 516 [Total 6310]| Ratings 3| Comments 486| Invitations 0|Online
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 454 [Total 455]| Ratings 6| Comments 394| Invitations 0|Offline
S
Points 277 [Total 277]| Ratings 1| Comments 267| Invitations 0|Offline
S
L
Points 48 [Total 1265]| Ratings 1| Comments 38| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.