The Purchases Journal Is a Special Journal Used to Record

question 29

Multiple Choice

The purchases journal is a special journal used to record:

• A)cash receipts, interest rate payments, and purchases.
• B)credit sales of assets that occur infrequently such as buildings, property, and equipment.
• C)credit sales.
• D)merchandise inventory, office supplies, and other assets purchased on account.

---

Definitions:

Available Infrastructure

The existing facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools.

Skill Needs

The specific abilities and expertise required for performing certain tasks or jobs effectively.

Response Time

The amount of time it takes to react to a request or stimulus, often used in the context of customer service or computer processing.

Tariffs

Taxes imposed by a government on imported or exported goods.