Accounting Fundamentals Certification (AFC) Practice Test 2025 – The Comprehensive All-in-One Guide to Exam Success!

Question: 1 / 400

What is the last step in the posting procedure?

Record the date in the journal

Record the ledger account number in the Pof. Ref.

The last step in the posting procedure is to record the ledger account number in the Posting Reference (Pof. Ref.) column of the journal. This action serves as a crucial finalization step in the posting process, indicating that the information has been accurately transferred from the journal to the respective ledger account. It helps in maintaining an organized record and allows for easy tracking of transactions.

By referencing the ledger account number, anyone reviewing the journal entry can quickly identify where the corresponding information has been posted in the general ledger. This step is fundamental for ensuring that the accounting records remain coherent and reliable, which is essential for financial reporting and analysis. Recording details in the journal entry or the amount in the general ledger happens earlier in the process and is dependent on this final step for validation.

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Record the amount in the general ledger

Record the details in the journal entry

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