Which of the following is true of a cash receipts journal?
A)In a cash receipts journal,cash sales are recorded in the Accounts Receivable CR column and the Cash DR column.
B)In a cash receipts journal,collections on account are recorded in the Accounts Receivable DR column and the Cash DR column.
C)In a cash receipts journal,the miscellaneous cash receipt transactions are ignored.
D)In a cash receipts journal,the sales for cash will have entries in the Sales Revenue CR column.

Question

Quizplus · Accepted Answer

In a cash receipts journal, cash sales are recorded with entries in the Sales Revenue CR column, reflecting the credit to sales revenue when cash is received.

Which of the Following Is True of a Cash Receipts