Ask Question
BusinessBusiness
9 March, 00:18

A checkmark in the PR column in the general journal means the?

A. Entry was recorded correctly

B. Amount was posted to the controlling account

C. Entry was audited

D. amount was recorded in the subsidiary ledger

+1
Answers (1)
  1. 9 March, 00:39
    0
    Answer: Option (D)

    Explanation:

    Checkmark in the post reference column of general journal refers to the fact that amount has been recorded in subsidiary ledger. As for each of the general ledger account there tends to lie a subsidiary ledger and the cumulative balance of the subsidiary ledger is also presented in balance sheet. For example, there are "n" number of the vendors in a business, but in the balance sheet only one account lies under the heading creditors. This is so, as posting entry the sub-ledger of the individual vendor is referred and accordingly, the cumulative balance of all vendors is presented in balance sheet as a final general ledger account.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A checkmark in the PR column in the general journal means the? A. Entry was recorded correctly B. Amount was posted to the controlling ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
John and Mark hold equivalent secretarial jobs, but John, who makes 20 percent more than Mark, is employed by a manufacturing firm while Mark is employed by a department store.
Answers (1)
Marshall Company purchases a machine for $200,000. The machine has an estimated residual value of $80,000. The company expects the machine to produce four million units. The machine is used to make 440,000 units during the current period.
Answers (1)
Washington Enterprises had net income for 2016 of? $103,000. Washington had? 39,000 shares of common stock outstanding at the beginning of the year and? 43,000 shares of common stock outstanding at the end of the year.
Answers (1)
the most direct way for jonathan to gain on-the-job experience and earn money while attending school is to apply for:
Answers (2)
In a free-market economy, a product that entails a positive externality (additional social benefit) will be rev: 04_09_2018 Multiple Choice overproduced. 1. underproduced. 2. produced at the optimal level. 3. provided solely by the government
Answers (1)
New Questions in Business
If someone pays medical expenses directly to the provider, such as a doctor or hospital, what percentage of the gift is exempt from gift tax?
Answers (1)
All else equal, active retention is a good option for firms: a. That have highly liquid assets b. That do not have a lot of debt c. Whose losses are predictable d. all of the above e. none of the above
Answers (1)
Sheffield Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs.
Answers (1)
Macrosoft Company reports net income of $65,000. The accounting records reveal depreciation expense of $80,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $60,000, $12,000, and $18,000, respectively.
No Answers
Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.00%. What percentage of its earnings does Hornberger plow back into the firm?
Answers (1)
Home » Business » A checkmark in the PR column in the general journal means the? A. Entry was recorded correctly B. Amount was posted to the controlling account C. Entry was audited D. amount was recorded in the subsidiary ledger
Sign Up Forgot Password?