A company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a CashDisbursements Journal, and a General Journal. A sales return for credit on account would be recorded in the:
A) General Journal.
B) Sales Journal.
C) Accounts Receivable Ledger.
D) Cash Receipts Journal.
E) Cash Disbursements Journal.
Correct Answer:
Verified
Q46: An example of a specialty component of
Q47: Special journals include
A)Cash disbursements journal.
B)Cash receipts journal.
C)Purchases
Q48: One difference in the Sales Journal between
Q48: The Sales Journal and Cash Receipts Journal
Q49: The sale of inventory may
A)decrease inventory.
B)impact the
Q50: The Purchases Journal is used for
A)Recording cash
Q53: Most of the transactions of a merchandising
Q54: Source documents
A)Provide basic information processed by an
Q55: Accounting information system components include
A)Software.
B)Hardware.
C)Input data.
D)People.
E)All of
Q56: The Sales Journal is used for
A)Recording cash
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