The One Characteristic That All Entries Recorded in a Cash

question 82

Multiple Choice

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

• A) that they all represent purchases of merchandise.
• B) that they all include a credit to the cash account.
• C) that they are all posted to the accounts payable subsidiary ledger.
• D) that they all include a debit to the accounts payable or purchases accounts.

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Definitions:

Garment Manufacturing

The process of converting fabric into clothing through a series of operations like cutting, stitching, and finishing.

Treasury Bills

Short-term debt obligations the U.S. government sells to raise money.