The One Characteristic That All Entries Recorded in a Cash

question 21

Multiple Choice

The one characteristic that all entries recorded in a cash receipts journal have in common is

• A) a credit to the Cash account.
• B) that they all represent collections from customers.
• C) that they originate from the sales of merchandise.
• D) a debit to the Cash account.

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Definitions:

Society

A community of individuals living together and interacting with each other.

Circular Argument

An argumentative fallacy where the conclusion is also one of its premises.

Accident

An unintended or unforeseeable event causing damage or injury.

Division

In logic, the process of breaking down a general statement into more detailed particular statements.