Which one of the following general statements is correct -
A) a sales discount is recorded as a negative amount in the receipts journal
B) a sale return is recorded as a negative amount in the sales journal
C) an advance from a customer is entered as a negative amount in the receipts journal
D) all of the above statements are correct
Correct Answer:
Verified
Q3: Customer deposits (prepayments)are entered as -
A)positive amounts
Q4: To convert a sales quote to a
Q5: When you pay a purchase invoice after
Q6: To convert a purchase quote to a
Q7: If you accidentally posted an invoice to
Q9: The receipts journal is used for all
Q10: Customer deposits (prepayments)are recorded -
A)as debits to
Q11: To remove a recurring transaction -
A)recall the
Q12: Which one of the following general statements
Q13: The purchase order and the purchase invoice
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