BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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on the line with a blank Post. Ref. column in the journal
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at the beginning of the journal page
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the nextday
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all of these
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Detailed explanation-1: -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.
Detailed explanation-2: -Posting Reference or Post Ref is a column in an accounting General Journal and General Ledger. It serves as a check and balance to ensure each transaction has been posted to the appropriate account. It is used in the process of posting transactions from the general journal to the general ledger.
Detailed explanation-3: -In your account ledgers, the post reference identifies the specific location in the journal, like a page number or line number, where a transaction was recorded.
Detailed explanation-4: -Definition: A posting reference column, often abbreviated PR, is a column in the general journal that is used to indicate when entries have been posted to the ledger accounts.