Question

When posting a transaction, which of the following is entered within the Post. Ref. column of the accounts receivable subsidiary ledger? A.a check mark B.an account number C.a sales slip number

Answer 1

The Post. Ref. column in the accounts receivable subsidiary ledger is used to enter an account number. Option (B) is true.

Step-by-step explanation:

When posting a transaction in the accounts receivable subsidiary ledger, the "Post. Ref." column is used to enter the account number related to the transaction. This helps in keeping track of the specific customer or account associated with each transaction.

The accounts receivable subsidiary ledger is a detailed record of individual customer accounts, showing the transactions and balances for each customer. Each customer account is assigned a unique account number, which is used to identify and track their transactions.

By entering the account number in˜the "Post. Ref." column, it becomes easier to link the transaction in the subsidiary ledger to the corresponding entry in the general ledger. This reference helps maintain the integrity of the accounting records and allows for efficient tracking and analysis of customer transactions.

Additionally, using account numbers in the subsidiary ledger allows for easier sorting and organization of customer accounts, making it simpler to locate specific transactions or generate reports for individual customers.

Thus, option (B) is true.