Accounting · Ledger Posting
The process of 'Posting' from a subsidiary book to a ledger involves transferring data to the respective accounts. When a Sales Book is totaled at the end of the month, which of the following represents the correct periodic posting of this total to the Ledger?
- 1Credit the Cash Account and Debit the Sales Account.
- 2Credit the Sales Account and Debit the Sales Ledger Control Account.
- 3Debit the Sales Account and Credit the Sales Return Account.
- 4Credit the Sales Account and Debit the individual Customer Accounts.✓
Correct answer
Credit the Sales Account and Debit the individual Customer Accounts.
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