Which of the following will be recorded in the Other Accounts CR column of the cash receipts journal?
A) cash sales
B) receipt of interest revenue
C) receipt of accounts receivable
D) sales discounts forfeited

Question

Quizplus · Accepted Answer

The Other Accounts CR column of the cash receipts journal is used to record transactions that do not involve the receipt of cash or accounts receivable. Receipts of interest revenue are typically recorded in this column, along with other non-operating income and miscellaneous receipts.

Which of the Following Will Be Recorded in the Other