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A Credit of $550 000, Including 10% GST, Was Posted

Question 7

Multiple Choice

A credit of $550 000, including 10% GST, was posted to the accounts payable control account on the last day of the month. This posting would most likely have come from which special journal?


A) Purchases journal
B) Sales journal
C) Cash receipts journal
D) Cash payments journal

Correct Answer:

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