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

Verified
Correct Answer:
Verified
Related Questions
Q163: Subsidiary ledgers are not needed in perpetual
Q164: The purchases journal is typically used to
Q165: A sales journal is used to record
Q166: A company borrowed $80,000 from a bank
Q167: A company sells merchandise on credit for
Q169: A special journal is used to record
Q170: Which of the following accounting principles prescribes
Q171: The process of adding the Debit column
Q172: Examples of other subsidiary ledgers besides those
Q173: When auditors audit financial statements and a