One of the following transactions may not be entered in the payments journal -

Name: One of the following transactions may not be entered in the payments journal -
Brand: Quizplus
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Question

Quizplus · Accepted Answer

All of the options listed (payments toward outstanding invoices, cash purchases, and payments toward a credit card bill) are transactions that involve cash outflows and can be recorded in the payments journal. The payments journal is used to record all transactions that result in a payment of cash.

One of the Following Transactions May Not Be Entered in the Payments