Which of the Following Journals Would a Company Use to Record

question 168

Multiple Choice

Which of the following journals would a company use to record cash collections from customers, net of discounts taken?

• A) Cash receipts journal.
• B) General journal.
• C) Cash disbursements journal.
• D) Sales journal.
• E) Purchases journal.

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Definitions:

Ackerman Geometry

The front-end setup that allows a vehicle to steer so that the tires track freely during a turn. During a turn, the inboard wheel on a steer axle has to track a tighter circle than the outer wheel. Ackerman geometry is also known as toe-out during turns and it allows the inner and outer wheels to turn at different angles so that both wheels can roll through a turn without tire scrubbing.

Toe-out

A wheel alignment term where the front of the wheels are pointed slightly outward, which can affect handling and tire wear.

Steering Control Arm

The forged link that connects a drag link to the steering knuckle. Also known as a steering arm and a control arm.

Neutralize Suspension

Adjusting or setting a vehicle's suspension system to a neutral position, optimizing balance and performance.