The One Characteristic That All Entries Recorded in a Cash

question 63

Multiple Choice

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

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

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Definitions:

Tort Law

is a segment of law that deals with civil wrongs, providing remedies to individuals harmed by the unreasonable actions of others, excluding breach of contract.

Permission

Authorization granted by a figure of authority, allowing an individual to do something.

Actual Malice

A legal standard used to prove libel or slander that shows the publisher knew the statement was false or acted with reckless disregard for the truth.

Defamation

The act of damaging someone's reputation by making false and harmful statements.