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:

Groundwater Quality

Refers to the condition of groundwater in terms of chemical, physical, and biological characteristics, often relating to its suitability for a specific use like drinking or irrigation.

Exploratory Well

A drilling operation carried out to find out if there are any valuable minerals or hydrocarbons present in the subsurface.

Permeable Sands

Sands that allow the passage of fluids through their pores or spaces, often used in filtering and drainage applications.

Granite

A common type of intrusive, felsic, igneous rock which is granular and phaneritic in texture, composed mainly of quartz and feldspar.