What is the purpose of cross-referencing

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Question 1: What is the purpose of cross-referencing?

Option 1: All of the given choices.

Option 2: Entries in the journal can be followed through to the ledger.

Option 3: If the posting process is interrupted, it is easy to see what still needs to be posted.

Option 4: Makes it easy to trace back to the general journal.

Question 2: Which of the following is NOT a step in the sequence of balancing?

Option 1: Make sure there are no exceptional balances

Option 2: Look for incorrect amounts or amounts posted twice

Option 3: Check the transfer of account balances

Option 4: Re-add the trial balance columns

Reference no: EM132899807

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