'Accounts receivable' is a credit column in the:
A) sales journal.
B) purchase journal.
C) cash receipts journal.
D) cash payments journal.

Question

Quizplus · Accepted Answer

The cash receipts journal is used to record all incoming cash transactions, including payments from customers on account. The credit column in this journal is used to record any payments received on account, which would be considered accounts receivable. The other journals listed do not typically include an accounts receivable column.

'Accounts Receivable' Is a Credit Column in The