Assume That a Company Uses Special Journals for Sales,purchases,cash Receipts,and

question 70

Multiple Choice

Assume that a company uses special journals for sales,purchases,cash receipts,and cash disbursements.A sales return for credit on account would be recorded in the:

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

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Definitions:

Robert Frank

An American economist known for his work in the areas of microeconomics and behavioral economics, particularly relating to consumer behavior and the economics of well-being.

Chief Executive Officers

Top executives in charge of managing an organization's overall operations and making major corporate decisions.

Production Worker

An employee engaged in manufacturing goods or operating machinery in a production process.

Income Rises

An increase in the amount of money earned by an individual or household over a period.