A sales journal is ________.
A) a special journal used to record all the cash sales
B) used to record the sales of assets other than merchandise inventory
C) a special journal used to record credit sales
D) a general journal used to record the adjustments in revenue account

Question

Quizplus · Accepted Answer

A sales journal is a special journal used to record credit sales. It is used to keep track of all transactions involving the sale of goods or services on credit, allowing businesses to easily summarize and analyze these transactions. Option A is incorrect because a cash receipts journal is typically used to record all cash sales. Option B is incorrect because the sales journal is specifically used for merchandise inventory sales. Option D is incorrect because adjustments in revenue account are recorded in the general journal.

A Sales Journal Is ________