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How often do we post the cash column in the cash receipts journal to the subsidiary ledger?

a) Daily
b) Weekly
c) Monthly
d) Yearly

User ARRG
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1 Answer

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Final answer:

The cash column in the cash receipts journal is typically posted to the subsidiary ledger on a monthly basis, following standard accounting practices.

Step-by-step explanation:

The frequency of posting the cash column in the cash receipts journal to the subsidiary ledger is typically done on a monthly basis. It is common accounting practice to compile transactions in a journal over a period of time and then post the totals to the general ledger accounts and subsidiary ledgers at the end of an accounting period, which is usually a month.

However, depending on the size and needs of a business, this could be done more frequently, but the standard option for most businesses is monthly.

User John Farrell
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