Multiple Choice
Which of the following is true of a sales journal?
A) It is a special journal used to record all the cash sales.
B) It is used to record the sales of capital assets, such as buildings.
C) It is a special journal used to record credit sales.
D) It is a general journal that is used to record the adjustments in revenue account.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Which of the following transactions will be
Q12: Which of the following transactions is recorded
Q13: One of the main disadvantages of a
Q14: Which of the following activities is handled
Q15: With a perpetual inventory system, which of
Q17: Which of the following is a disadvantage
Q18: In cloud computing, the software and data
Q19: When a sales journal is posted to
Q20: Which of the following transactions is recorded
Q21: BM Corporation makes a sale for cash