Which of the Following Is True of a Cash Receipts

question 135

Multiple Choice

Which of the following is true of a cash receipts journal?

• A)In a cash receipts journal, cash sales are recorded in the Accounts Receivable CR column and the Cash DR column.
• B)In a cash receipts journal, collections on account are recorded in the Accounts Receivable DR column and the Cash DR column.
• C)It ignores the miscellaneous cash receipt transactions.
• D)In a cash receipts journal, the sales for cash will have entries in the Sales Revenue CR column.

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Definitions:

Creative Solutions

Innovative and unconventional strategies or answers devised to solve problems or resolve disputes.

Laboratory Simulations

Experimental setups designed to mimic real-world processes in a controlled environment for research and study.

Behavioral Approach

A perspective in negotiation that focuses on understanding the influence of parties' behaviors, emotions, and psychological states on the negotiation process.

Disadvantage

A disadvantage is a condition or situation that puts someone or something at a less favorable position compared to others.