Multiple Choice
Which of the following journals would a company use to record cash collections from customers,net of discounts taken?
A) General journal.
B) Cash receipts journal.
C) Cash disbursements journal.
D) Purchases journal.
E) Sales journal.
Correct Answer:

Verified
Correct Answer:
Verified
Q66: The accounts receivable ledger:<br>A)Is a substitute for
Q67: Chandler Company sold merchandise on credit to
Q68: Information storage databases:<br>A)Eliminate the need for professional
Q69: The Accounts Payable controlling account:<br>A)Is not included
Q70: Assume that a company uses special journals
Q71: The _ principle requires that an accounting
Q72: Health Co.Company uses special journals to record
Q73: Barrier Scuba Equipment purchased supplies costing $3,000
Q75: The Skyview Company uses a sales journal,purchases
Q76: This is a cash receipts journal (perpetual