Which One of the Following General Statements Is Correct -

question 6

Multiple Choice

Which one of the following general statements is correct -

• A)a sales discount is recorded as a negative amount in the receipts journal
• B)a sale return is recorded as a negative amount in the sales journal
• C)cash sales are recorded as other receipts in the receipts journal
• D)a and b above are correct

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Definitions:

Business License

An official permission or permit granted by a governmental entity that allows an individual or company to operate a business within a specific jurisdiction.

Online Method

An approach or technique utilized over the internet, enabling tasks such as research, communication, and transactions to be executed electronically.

Library Catalog

A database or listing of all the books, materials, and resources available in a library for research and borrowing.

Listserv

An automated mailing list system that allows users to send emails to all subscribers of a particular list.