Which One of the Following Columns in a Cash Receipts

question 85

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 Discounts column
• C) Accounts Receivable column
• D) Other Accounts column

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Definitions:

Budgeting

The process of creating a plan to spend your money, allocating estimated revenues towards expenses, savings, and debt repayment.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost assigned to production, measured per unit.

Planning Budget

A forecast of revenue, expenses, and profit for a specific period of time, often used as a financial roadmap.

Customers Served

The number of clients or customers that a company has provided services or goods to within a specific period.