Which of the Following Journals Would a Company Use to Record

question 71

Multiple Choice

Which of the following journals would a company use to record cash collections from customers,net of discounts taken?

• A)General journal.
• B)Cash receipts journal.
• C)Cash disbursements journal.
• D)Purchases journal.
• E)Sales journal.

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Definitions:

Legitimate Power

is a type of authority that is recognized and accepted by members of an organization, stemming from a formal position or role.

Formal Authority

The power or right to give orders, make decisions, and enforce obedience, typically within an organizational hierarchy.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Coercive Power

The ability of a person to compel or force someone else to act in a certain way through threats, punishment, or control measures.