The posting reference column of the general journal is used to
A. record the date on which an amount is posted to a ledger account
B. record the page number of the ledger account
C. record the number of amounts posted to that ledger account since the beginning of the current accounting period
D. record the number of the ledger account to which the information is posted
Ans: D. record the number of the ledger account to which the information is posted
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A: Given to the seller when escrow opens; B: Limited to 3% of the selling price; C: Divided equally between the seller and the listing agent; D: Used to pay any costs incurred and then returned to the buyer.
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Indicate whether the statement is true or false