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.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: An accounting information system is said to
Q5: In a perpetual inventory system, when cash
Q11: A general ledger is an accounting journal
Q17: Deal Corporation sells a product for $500
Q25: A set of programs or instructions that
Q38: Which of the following is true of
Q39: Which of the following is not included
Q65: A business must only invest in an
Q116: The Other Accounts DR columns of a
Q125: Which of the following is an example