The Sales Journal and Cash Receipts Journal may have GST payable and PST payable columns added to them to facilitate recording. In the same manner GST receivable and PST receivable columns may be added to the Purchases Journal and the Cash Disbursements Journal.
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Q43: An example of a specialty component of
Q44: Special journals include
A) Sales journal
B) Cash receipts
Q45: Accounting information system components include
A) People
B) Input
Q46: A book of original entry that is
Q47: The sale of inventory may
A) decrease inventory
B)
Q49: The General Journal is used for
A) Recording
Q50: The basic components of an accounting system
Q51: A company uses a Sales Journal, a
Q52: The ledger that contains the financial statement
Q53: The three primary components of accounting information
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