Which One of the Following Columns in a Cash Receipts

question 32

Multiple Choice

Which one of the following columns in a cash receipts journal is not posted in total to an account in the general ledger?

• A) Cash column
• B) Sales Discount column
• C) Accounts Receivable column
• D) Other Accounts column

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Definitions:

Foreign Exchange Market

A global marketplace for trading currencies against each other, determining the exchange rate values between different currencies.

Currency Speculators

Investors who buy and sell foreign exchange with the aim of making a profit from changes in exchange rates, influencing currency values and economic conditions.

Spot Trade

A transaction for the immediate delivery of a currency, financial instrument, or commodity.

Business Days

Days of the week excluding weekends and public holidays when businesses and government offices are typically open.