How to solve these accounting questions?
How to solve these accounting questions?
1. There are columns called "Post. Ref." in cash book and journals. What do they mean and what
should I write?
2. When writing sales and purchases journal, is it necessary to write the equations on the
description column to show the amounts?
3. Is it necessary to write "Mr" or "Miss" before the names of the debtors or creditors in cash books
and journals?
4. There is a column called "Acc. No." in the trial balance. What should I write it and where can I
find it?
Answers:
Emmanuel Osia: 1. Post Ref. could be the reference no. of O.R. or Voucher.
2. No. The Transaction itself and a brief description would be sufficient, for example the name of the customer "Sales on Account" would be enough.
3. not necessarily.
4. This could be the No. of your Book of Accounts. For example. Cash will have a unique no. A001
2010-12-12 01:35:01
2010-12-12 01:35:01