It is inefficient to record all cash receipts in a general journal.
Correct Answer:
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Q1: The accounts receivable ledger is simply a
Q2: The types of special journals a business
Q4: Posting from the sales journal to the
Q5: When a business uses a subsidiary accounts
Q8: There is no need to total columns
Q11: After the posting of the accounts receivable
Q12: A journal designed for entering only cash
Q17: If a business uses special journals, it
Q18: Most transactions entered in a special journal
Q20: Special journals enable a substantial time savings
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