Question
Using the XY Consumer Products Accounts Payable Ledger for Vendor #OPIOO1, the Folio :Number that appears for the March 04 entry is CDO1 SJ01 PJO1 CRO1
Solution
4.1
(277 Votes)
Amani
Professional ยท Tutor for 6 years
Answer
### PJ01
Explanation
## Step 1: Understand the Ledger Entry### The ledger entry for Vendor \#OPI001 on March 04 needs to be identified by its Folio Number.## Step 2: Identify the Correct Folio Number### Review the options provided and match them with typical accounting entries. CD01, SJ01, PJ01, and CR01 represent different types of journal entries or folios.## Step 3: Match Folio Numbers with Entry Types### Typically, these codes can represent:- CD01: Cash Disbursement- SJ01: Sales Journal- PJ01: Purchase Journal- CR01: Cash Receipt## Step 4: Determine the Appropriate Folio for Accounts Payable### For an accounts payable entry, the most relevant folio would likely be related to purchases or cash disbursements.