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) cash sales are recorded as other receipts in the receipts journal
D) a and b above are correct
Correct Answer:
Verified
Q7: The linked accounts for HST/GST will be
Q8: To record a NSF cheque,you can -
A)re-enter
Q9: The Cash Flow Projection report allows you
Q10: Which one of the following general statements
Q11: A sales journal entry will not balance
Q13: Which one of the following general statements
Q14: Transactions entered in the receipts journal will
Q15: Which one of the following is not
Q16: The receipts journal may be used for
Q17: To enter a NSF cheque -
A)reverse the
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