menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 8: Accounting for Purchases and Accounts Payable
  5. Question
    Purchases of Merchandise on Credit Should Be Recorded In
Solved

Purchases of Merchandise on Credit Should Be Recorded In

Question 101

Question 101

Multiple Choice

Purchases of merchandise on credit should be recorded in:


A) the sales journal.
B) the purchases journal.
C) the cash payments journal.
D) the general journal.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q96: Credit terms of 1/10, n/30 means that:<br>A)payment

Q97: The entry to record a purchase of

Q98: If a perpetual inventory system is used

Q99: The Purchases account is:<br>A)a temporary account.<br>B)a liability

Q100: For each of the transactions listed below,

Q102: Good internal control requires a _ of

Q103: A creditor's account in the accounts payable

Q104: Each individual entry in the purchases journal

Q105: A cash discount offered to the customer

Q106: In a small firm, the creditor accounts

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines