Asked by
Bailey Hamil
on Nov 12, 2024
Verified
Purchases journals will have an Other Accounts Cr. column.
Other Accounts Cr.
This term likely refers to the credit (Cr.) entries in accounts other than those frequently categorized, perhaps implying adjustments or less common financial transactions.
Purchases Journals
Accounting journals used to record all purchases of goods and services on credit for the purpose of resale.
- Become familiar with the significance and the record-keeping process of special journals in financial activities.
Verified Answer
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Learning Objectives
- Become familiar with the significance and the record-keeping process of special journals in financial activities.
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