Multiple Choice
Posting a sales journal to the accounts in the general ledger requires a
A) debit to Cash and a credit to Sales Revenue.
B) debit to Sales Revenue and a credit to Inventory.
C) debit to Accounts Receivable and a credit to Inventory.
D) debit to Accounts Receivable and a credit to Sales Revenue.
Correct Answer:
Verified
Correct Answer:
Verified
Q34: The individual amounts in the sales journal
Q35: Match the items below by entering the
Q36: A cash receipts journal can be used
Q37: The basic principles in the development of
Q38: Why would special journals used in different
Q40: An accounting information system involves data collection
Q41: Match the items below
Q42: If a company maintains special journals sales
Q43: Only transactions that cannot be entered in
Q44: Cross-footing a cash receipts journal means<br>A) the