The one characteristic that all entries recorded in a cash payments journal have in common is
A) that they all represent purchases of merchandise.
B) a credit to the cash account.
C) that they are all posted to the accounts payable subsidiary ledger.
D) a debit to the accounts payable or purchases accounts.

Question

Quizplus · Accepted Answer

All entries in a cash payments journal involve a reduction in cash, which is recorded as a credit to the cash account. This is the common characteristic among all entries in this type of journal.

The One Characteristic That All Entries Recorded in a Cash