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) cash sales are recorded as other receipts in the receipts journal
D) a and b above are correct
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Which one of the following is not
Q9: To find an invoice you need to
Q10: To record a NSF cheque, you can
Q11: Customizing the sales journal will not -<br>A)
Q12: You can customize the sales journal by
Q14: Transactions entered in the receipts journal will
Q15: Adding the discount terms 2/10, n/30 to
Q16: Choosing to show corrections in the journal
Q17: Which one of the following general statements
Q18: The default customer early payment and discount