Which of the following is true about the revenue journal?
A) Cash revenues and revenues on account are recorded in the revenue journal.
B) Only cash revenues are recorded in the revenue journal.
C) Only revenues on account are recorded in the revenue journal.
D) Unearned revenues are also recorded in the revenue journal.

Question

Quizplus · Accepted Answer

The revenue journal is specifically used for recording revenues on account, meaning revenues for which payment has not yet been received. Cash revenues are recorded in the cash receipts journal, not the revenue journal. Unearned revenues, which are payments received before services are performed or goods are delivered, are not recorded in the revenue journal either.

Which of the Following Is True About the Revenue Journal