When cash sales and bankcard sales transactions are recorded in the cash receipts journal, a check mark is placed in the Posting Reference column to indicate the amounts are not to be posted individually. 1. True2. False

Question

Business

Lennon

2 February, 05:12

When cash sales and bankcard sales transactions are recorded in the cash receipts journal, a check mark is placed in the Posting Reference column to indicate the amounts are not to be posted individually. 1. True2. False

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Answers (1)

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Jazlynn Horton · Answer 1

The answer is false.

Explanation:

If a a check mark is placed in the Posting Reference column after the cash sales and bankcard sales transactions are recorded in the cash receipts journal, it means are the transactions have been posted to their respective accounts (i. e cash sales account and bank card sales account)

A check mark denotes 'YES'. or 'TRUE'.