Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

In a purchases journal, the total of the ________ column is not posted to the general ledger

Sagot :

In a purchases journal, the total of the Office Supplies DR column is not posted to the general ledger.

Office supplies cost is the amount of administrative materials charged to price in a reporting time period. Those items are charged to expense while used; or, if the value of supplies is immaterial, it's far charged to expense whilst the cost is initially incurred.

Office expenses, like workplace elements, are usually recorded as a fee in preference to an asset. Office prices are often intangible and consist of things including janitorial offerings, software subscriptions, office renovation, or even website maintenance.

A journal entry is an act of retaining or making facts of any transactions both financial or non-economic. Transactions are indexed in an accounting journal that indicates a corporation's debit and credit score balances. The journal entry can include numerous recordings, each of that's either a debit or a credit.

Learn more about journal entries here brainly.com/question/14279491

#SPJ4