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Free Exam: POSTING FROM 5 COLUMN CASH JOURNAL
Number of Questions in Test: 5
Note: Answers are not shown below but will be copied with this test.
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1. Only the General Debit and Credit totals are posted at the end of the month.
2. The five column Cash journal saves time in the posting process.
3. Columns four and five of the Cash journal summarize the Cash account in the General ledger.
4. Two account titles that are never written in the account title column are Sales and Cash.
5. There are five (5) steps in the posting process.
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