The use of bank credit cards in connection with retail sales is not a common practice.
Correct Answer:
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Q8: There is no need to total columns
Q10: Each special journal allows for specific transactions.
Q11: The cash receipts journal is posted to
Q12: A journal designed for entering only cash
Q14: It is inefficient to record all cash
Q15: The sales journal can be used to
Q16: A common approach to keeping a record
Q17: If a business uses special journals, it
Q18: Most transactions entered in a special journal
Q24: For the merchant, bank credit card sales
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