Which Journal Is Not Used in the Revenue Cycle

question 96

Multiple Choice

Which journal is not used in the revenue cycle?

• A)cash receipts journal
• B)sales journal
• C)purchases journal
• D)general journal

Identify the concepts of consumer and producer surplus.

Apply the law of demand in different market scenarios.

Examine the effects of income variations on the demand for goods.

Distinguish between movements along the demand/supply curve and shifts in the demand/supply curve.

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Definitions:

Pay

The remuneration or salary provided to an individual in exchange for their labor or services.

Cash Substitute

Forms of payment other than traditional cash, such as credit cards, debit cards, or electronic transfers, that are used as alternatives to cash.

Certificate Of Deposit

A financial product offered by banks and credit unions that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.

Bank

is NO.