A cheque that is issued would most likely be recorded directly in that company's:
A)expense journal.
B)cash disbursements journal.
C)cash receipts journal.
D)none of the above.

Question

Quizplus · Accepted Answer

A cheque that is issued means that the company is making a payment, therefore it should be recorded in the company's cash disbursement journal, which tracks all payments made by the company. Option A, expense journal, records expenses incurred by the company but not necessarily payments made. Option C, cash receipts journal, tracks money received by the company, which is not relevant when a cheque is issued. Option D is not correct as the cheque must be recorded somewhere in the company's accounting records.

A Cheque That Is Issued Would Most Likely Be Recorded