Each entry in a credit sales journal results in one entry at selling price and another entry at cost.
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Q9: A subsidiary ledger is a group of
Q10: A subsidiary ledger is not part of
Q11: A schedule of accounts receivable is a
Q12: If a transaction cannot be recorded in
Q13: A special journal is used to record
Q15: The sum of the subsidiary ledger balances
Q16: The recording of small payments in the
Q17: Entries in a special purchases journal are
Q18: The symbol 'CP1' used as a posting
Q19: Special journals for sales, purchases and cash
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