Asked by
Stefanic Livinalli
on Nov 14, 2024
Verified
Which of the following would not be an appropriate heading for a column in the cash receipts journal?
A) Cash
B) Accounts Payable
C) Sales Discounts
D) Sales Revenue
Cash Receipts Journal
A financial journal that records all cash transactions, including sales and received payments, entering a business.
Accounts Payable
Obligations of a company indicating funds due to lenders for products and services acquired through credit.
Sales Revenue
Revenue generated through the sale of products or offerings during a specific timeframe.
- Differentiate the applications of various accounting system journals.
Verified Answer
MT
Learning Objectives
- Differentiate the applications of various accounting system journals.