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Rickeisha-lynn Trott
on Nov 14, 2024

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The entries in a sales journal will show

A) all sales of merchandise.
B) the cash sales of the company.
C) the credit sales of merchandise.
D) all sales of the company.

Sales Journal

is a specialized accounting journal used to record all sales transactions of a business on credit.

Merchandise

Goods or products that are bought and sold by businesses.

Credit Sales

Sales made by a business where payment is delayed as per agreed-upon terms, typically recorded as accounts receivable.

  • Elucidate the differences in usage among various journals in accounting systems.
  • Identify the appropriate journal for recording specific types of transactions.
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MG
Michelle GomezNov 19, 2024
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