A Company Would Use Which of the Following Journals to Record

question 93

Multiple Choice

A company would use which of the following journals to record cash payments?

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

---

Definitions:

Natural Monopoly

A market condition where a single firm can provide a good or service at a lower cost than any potential competitor, often due to economies of scale.

Fair Return

A reasonable profit for a business, considered equitable for both the business owners and consumers, typically governed by regulatory strategies.

Average Total Cost

The total cost divided by the number of goods produced, indicating the per unit cost of production.

Pure Monopoly

A market structure wherein a single company or entity exclusively supplies a particular product or service, facing no competition.