Multiple Choice
The Purchases Journal is used for
A) Recording credit purchases
B) Recording credit sales
C) Recording cash sales
D) Recording cash purchases
E) Recording both credit purchases and credit sales
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q59: The ledger that contains the financial statement
Q60: The Accounts Payable ledger is used for
Q61: A sales journal is used for recording
Q62: Explain the use of controlling accounts and
Q63: Account balances in the General Ledger and
Q65: An Accounts Payable subledger is<br>A) A subsidiary
Q66: A special journal is any journal used
Q67: An MIS is designed to<br>A) Ensure reliable
Q68: The general rule for posting is that
Q69: Accounting information systems<br>A) Collect and process data