Multiple Choice
In a manual accounting system,the journal(s) most likely to be used for a business that offers credit to its customers,is/are:
A) the general journal only.
B) the credit sales journal only.
C) special journals: i.e. cash receipts, cash payments, credit purchases, credit sales and the general journal.
D) the cash receipts and credit sales journal.
Correct Answer:
Verified
Correct Answer:
Verified
Q58: Invoices,purchase orders,and credit card slips are examples
Q59: _ is added to opening equity to
Q60: The _ _ accounting method requires each
Q61: An error that occurs when only one
Q62: If a transaction worth $50 is not
Q63: Once all entries have been recorded in
Q64: Which of the following statements about a
Q65: A business pays $500 cash for their
Q66: If assets are $225 000,opening equity is
Q67: A worksheet error that is relatively easy