Show your understanding of the posting procedure from a sales journal to a subsidiary ledger by selecting the correct statements below.
A. Individual transactions are posted daily to the customer accounts affected in the subsidiary ledger.
B. Posting to individual customer accounts regularly keeps customer accounts up-to-date.
C. The total of the Accounts Receivable Dr./Sales Cr. column is posted daily to subsidiary ledger.
D. After posting to a customer's account in the subsidiary ledger, check marks are entered in the sales journal's PR column.
Answers: 3
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The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions
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Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
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Show your understanding of the posting procedure from a sales journal to a subsidiary ledger by sele...
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