Which of the following would not be an appropriate heading for a column in the cash receipts journal?
A) Cash
B) Accounts Payable
C) Sales Discounts
D) Sales Revenue

Question

Quizplus · Accepted Answer

Accounts Payable is a liability account and would not be appropriate for a column in the cash receipts journal. The cash receipts journal is used to record all incoming cash transactions, such as sales revenue and cash received from customers. Sales discounts may also be recorded in the cash receipts journal as a separate column to track any discounts given to customers.

Which of the Following Would Not Be an Appropriate Heading