When a Customer Pays an Account, the Transaction Would Be

question 29

Multiple Choice

When a customer pays an account, the transaction would be recorded in the

• A) cash receipts journal.
• B) purchases journal.
• C) sales journal.
• D) cash payments journal.

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Definitions:

Locus Of Control

A person’s belief concerning the degree to which internal or external forces control his or her future.

High Need To Achieve

A psychological trait characterized by a strong desire to accomplish tasks and meet high standards of performance.

Entrepreneurial Personality

A set of personality traits or characteristics that are commonly found in successful entrepreneurs, such as risk-taking, creativity, and resilience.

Need To Achieve

The personal quality, linked to entrepreneurship, of being motivated to excel and choose situations in which success is likely.