Question

When posting items sold on account from the sales journal

A)
Details of the journal are posted to Journal totals are posted to
The sales account The general ledger

B)
Details of the journal are posted to Journal totals are posted to
The sales account The accounts receivable subsidiary ledger

C)
Details of the journal are posted to Journal totals are posted to
The accounts receivable master file The general ledger

D)
Details of the journal are posted to Journal totals are posted to
The accounts receivable account in the general ledger The sales account in the general ledger

Answer 1

The correct approach for posting items from the sales journal is to post the details to the accounts receivable subsidiary ledger and the journal totals to the general ledger accounts, specifically the sales account and accounts receivable account.

Step-by-step explanation:

When posting items sold on account from the sales journal, the correct approach is option D. This is because in accounting, the sales journal is used for recording all the sales made on credit. The specifics of each sale, or the details of the journal, are posted to the individual customer accounts in the accounts receivable subsidiary ledger. This is done to keep track of what each customer owes individually. On the other hand, the journal totals are posted to the control accounts in the general ledger: the sales account for the total credit sales and the accounts receivable account for the total amount to be received from customers.