Multiple Choice
Which one of the following general statements is correct -
A) a sales discount is recorded as a negative amount in the receipts journal
B) a sale return is recorded as a negative amount in the sales journal
C) an advance from a customer is entered as a negative amount in the receipts journal
D) all of the above statements are correct
Correct Answer:
Verified
Correct Answer:
Verified
Q8: You can post directly from the daily
Q9: When you change a purchase quote to
Q10: When you convert a purchase quote to
Q11: The No. field in the receipts journal
Q12: All but one of the following are
Q14: Which of the following statements is true
Q15: To convert a purchase quote to a
Q16: When customers settle their accounts in full
Q17: When correcting a sales quote error before
Q18: To convert a sales quote to a