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Only the Monthly Total of Each Special Amount Column Is Posted to a General Ledger Account. True False

Question

Only the monthly total of each special amount column is posted to a general ledger account. True False

Solution

Verificación de expertos
4.7 (185 Votos)
Santiago Mestre · Tutor por 5 anos

Resposta

False

Explicação

## Step 1The problem statement is a statement about the posting of special amounts in a general ledger account. The statement is that only the monthly total of each special amount column is posted to a general ledger account.## Step 2To solve this problem, we need to understand the process of posting in a general ledger account. In accounting, a general ledger account is a record where all the transactions related to a particular account are stored. ## Step 3The statement is not entirely accurate. While it is true that the monthly total of each special amount column is posted to a general ledger account, it is not the only amount that is posted. All transactions, regardless of their nature, are posted to the general ledger account. This includes daily transactions, not just monthly totals.