Which of the Following Statements Is Not Correct

question 42

Multiple Choice

Which of the following statements is not correct?

• A) In accounting,the term "cash" includes checks,money orders,and funds on deposit in a bank as well as currency and coins.
• B) The cash register proof is used to enter the cash sales and sales tax in the cash receipts journal.
• C) The entry to record the receipt of a promissory note to replace an open account is recorded in the cash receipts journal.
• D) The cash receipts journal has separate columns for debits to Cash,credits to Accounts Receivable,and credits to Sales and Sales Tax Payable.

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Definitions:

AutoType

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Data Type

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Edit View

A mode or interface in applications where users can make changes to documents, presentations, or other content, often providing tools for formatting and revision.

Next Field Button

A button or command in software that moves the cursor or focus to the next field or text input area.