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Which of the Following Is True of a Cash Receipts

Question 21

Multiple Choice

Which of the following is true of a cash receipts journal?


A) In a cash receipts journal,cash sales are recorded in the Accounts Receivable CR column and the Cash DR column.
B) In a cash receipts journal,collections on account are recorded in the Accounts Receivable DR column and the Cash DR column.
C) In a cash receipts journal,the miscellaneous cash receipt transactions are ignored.
D) In a cash receipts journal,the sales for cash will have entries in the Sales Revenue CR column.

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