Which of the Following Is NOT a Main Type of Special

question 19

Multiple Choice

Which of the following is NOT a main type of Special Journal?

• A) Purchases Journal
• B) Personnel Journal
• C) Cash Receipts Journal
• D) Cash Payments Journal

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Definitions:

Inventory Period

The average number of days that a company holds its inventory before selling it, indicating the efficiency of its inventory management.

Accounts Receivable Period

The average number of days it takes for a business to receive payments from its customers for goods or services sold on credit.

Cash Cycle

The time period between the outlay of cash for materials or inventory purchase and the receiving of cash from customer sales, critical for understanding a company's liquidity and management efficiency.

Short-term Financial Planning

The process of identifying a company's immediate financial needs and devising strategies to meet those needs within a year or less.