Part Four—Analyzing Posting
Procedures
The first digit in the account number 520 means that the account is in the - answer
expense division of the general ledger
When accounts are arranged in a general ledger, account numbers are assigned, and
the chart of accounts is kept up to date, the accounting personnel are - answerdoing file
maintenance
The procedure for transferring information from a journal entry to a ledger account is -
answerposting
The last step in the posting procedure is to write the - answeraccount number in the
Post. Ref. column of the journal
The second step in the posting procedure is to write the - answerjournal page number in
the Post. Ref. column of the account
An account number in the journal's Post. Ref. column shows - answerthe account to
which an amount is posted
Posting references in a journal are - answernone of these
If posting is interrupted, the accounting personnel know to resume posting - answeron
the line with a blank Post. Ref. column in the journal
If both amounts on a journal line are recorded in special amount columns, -
answerneither amount is posted individually
If an error requires a correcting entry, the source document describing the correction to
be made - answeris a memorandum
Procedures
The first digit in the account number 520 means that the account is in the - answer
expense division of the general ledger
When accounts are arranged in a general ledger, account numbers are assigned, and
the chart of accounts is kept up to date, the accounting personnel are - answerdoing file
maintenance
The procedure for transferring information from a journal entry to a ledger account is -
answerposting
The last step in the posting procedure is to write the - answeraccount number in the
Post. Ref. column of the journal
The second step in the posting procedure is to write the - answerjournal page number in
the Post. Ref. column of the account
An account number in the journal's Post. Ref. column shows - answerthe account to
which an amount is posted
Posting references in a journal are - answernone of these
If posting is interrupted, the accounting personnel know to resume posting - answeron
the line with a blank Post. Ref. column in the journal
If both amounts on a journal line are recorded in special amount columns, -
answerneither amount is posted individually
If an error requires a correcting entry, the source document describing the correction to
be made - answeris a memorandum
