Which of these is not an advantage of using a sales journal compared with recording all sales transactions in a general journal?
A) Each sales transaction is recorded on a single line
B) The debit and credit for the sale are clearly identified
C) Only the totals of each column are posted to the general ledger
D) No narrations are required
Correct Answer:
Verified
Q22: A general ledger account that summarises the
Q23: Which transaction would be recorded in the
Q24: What is the general ledger posting from
Q25: Which of these is not an advantage
Q26: A column for discount received could be
Q28: Columns for GST collections could be found
Q29: Which of the following statements is correct?
Q30: A column for discount allowed could be
Q31: The transaction that could not result in
Q32: Columns for GST collections could be found
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents