In which of the following will sales return and allowances not be recorded?
A) Sales returns and allowances transaction file.
B) Accounts receivable master file.
C) Cash receipts journal.
D) Sales returns and allowances will be recorded in all of the above.

Question

Quizplus · Accepted Answer

Sales returns and allowances are not recorded in the cash receipts journal because this journal is used for recording cash transactions, such as cash sales and cash received from customers, not returns or allowances.

In Which of the Following Will Sales Return and Allowances