To post proof for the day means to
A. total the columns on the journal and add and subtract totals as required.
B. match the journal entries against the ledger to detect errors.
C. prepare a bank reconciliation statement.
D. add in any accounts receivable that came in the mail
This is a Homework HELP board, not a Homework DO board.
To post proof for the day means to check and verify the accuracy of the accounting records for a specific day. This process typically involves comparing entries in the journal with the corresponding entries in the ledger to identify any discrepancies or errors.
The correct answer would be option B - match the journal entries against the ledger to detect errors. By carefully comparing the journal entries (where all the day's transactions are recorded) with the ledger (where individual accounts are maintained), any errors or inconsistencies can be identified. This helps ensure that the recorded financial information is accurate and reliable.
Options A, C, and D are not directly related to the process of posting proof for the day, as they involve different accounting tasks.
Option A refers to totaling the columns in the journal and performing necessary calculations by adding and subtracting the totals. This may be part of the overall accounting process but is not specifically related to posting proof for the day.
Option C refers to preparing a bank reconciliation statement, which is a process of comparing the bank statement with the company's records to identify and resolve any discrepancies. While this task is important for ensuring the accuracy of financial statements, it is different from the act of posting proof for the day.
Option D refers to adding any accounts receivable that arrived through the mail. This task is related to recording and updating accounts receivable, but is not the primary focus of posting proof for the day.