Question

Which format(s) provides post reference items for tracking purposes to locate original transaction easier for clarification if needed?

A. T-account correct
B. Four-column ledger
C. Both are correct
D. None of the above

Answer 1

The Four-column ledger provides post reference items for tracking purposes to locate original transactions easier for clarification if needed.

Step-by-step explanation:

The format that provides post reference items for tracking purposes to locate original transactions easier for clarification if needed is the Four-column ledger.

This format allows for detailed tracking of transactions by organizing them into four columns: date, description, debit, and credit. The T-account format, on the other hand, is a summary format that does not provide as much detail for tracking purposes.