34. Which of the following statements is true? a. Original entries are recorded

Question

34. Which of the following statements is true? a. Original entries are recorded in journals, and journal totals are posted to ledgers. b. Original entries are recorded in ledgers, and ledger totals are posted to journals. c. Subsidiary ledgers are required for all general ledger accounts so that details can be d. Totals from each journal (e.g., sales, cash disbursements, etc.) are posted to the e. Entries from the general journal are used to update subsidiary ledgers on a monthly provided. general journal on a monthly basis. basis.

Explanation / Answer

The correct statment is:

A. Original entries are recorded injournals, and journal totals are posted to ledgers

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