Which of the following statements is true? a. if a debit entry is made to an acc

Question

Which of the following statements is true?

a. if a debit entry is made to an account in the general journal, the same account will receive a credit entry when the amount is posted to the general ledger.

B.if the sum of the debit balance equals the sum of the credit balances, this proves that there were no mistakes made in the posting process.

C.if all transactions are correctly posted to the general ledger, the sum of the accounts with debit balances should be equal to the sum of the accounts with credits balances.

D.posting occurs when numbers int he general ledger accounts are transferred to the general journal.

Explanation / Answer

a. Point no A is trure. Because when entry is posted to the general ledger same amount will receive a credit entry.

B point is not true because if debit & credit are match it doesn't mean that entry is posted on the correct ledger or account.

C point is also not true because if one account entry posted in another account then credit and debit balance is equal but it doesn't mean that all transactions are posted in the correct head or account or ledger

D point is also not true because no number of general ledger account are transferred to the general journal. First entry recorded in General Journal and then posted to the General Ledger account. Recording means - General Journal , Classifying means - General Ledger and Summarizing in the Trial Balance and then further transferred in the Income Statement , Balance Sheet.

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