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Which of the following is not a true statement about the daily posting of the sales journal?

a) There is no credit posting.

b) The invoice number supporting the sales transaction is posted to the reference column in the subsidiary ledger.

c) There is a debit posting to accounts in the accounts receivable subsidiary ledger.

d) The reference column in the sales journal is checked when the posting is complete for each entry in the journal.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M964546

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