Beachside Coffee Shop, in an effort to stream line its accounting system, has decided to utilize a Cash Receipts Journal in its operation. If the company is to record the cash sale of food for $18 which is the correct entry?
A) Cash Cr. $18, Food Revenue Dr. $18,
B) Cash Dr. $18, Food Revenue Dr. $18
C) Cash Dr. $18, Food Revenue Cr. $18
D) Cash Cr. $18, Food Revenue Cr. $18
Correct Answer:
Verified
Q103: What is meant by the term B2C?
A)
Q104: Beachside Coffee Shop, in an effort to
Q105: Processing methods:
A) are the policy and procedures
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Q110: When using a purchases journal,
A) all cash
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Q111: Computerized accounting systems
A) are only used by
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Q112: If a company uses special journals,
A) it
Q112: Computerized accounting systems
A) is a tedious form
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