What is the recommended order that special journals should be posted to the subsidiary ledgers and the general ledger?
A) Sales, Purchases, Cash Receipts, Cash Payments
B) Sales, Purchases, Cash Payments, Cash Receipts
C) Sales, Cash Receipts, Purchases, Cash Payments
D) No special order is recommended
Correct Answer:
Verified
Q42: Credit card receipts, cash, checks, electronic funds
Q43: Trade discounts are
A) Price reductions for bartered
Q44: Which of the following is true of
Q45: The agreement between a seller and a
Q46: Indicate the appropriate columns in which
Q48: If merchandise bought on account has a
Q49: Indicate the appropriate columns in which
Q50: Purchase of merchandise for cash would be
Q51: This journal contains all of the transactions
Q52: The special journal that is used to
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