If There Is Cash Involved in a Business Transaction,the Transaction

question 115

Multiple Choice

If there is cash involved in a business transaction,the transaction should be recorded in either the ________.

• A) cash payments journal or cash receipts journal
• B) cash payments journal or general journal
• C) cash payments journal or cash receipts journal and in general journal
• D) sales journal or purchases journal

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Definitions:

Basis of Pregnancy

The foundation or reasons related to pregnancy, often in contexts such as rights, health care, or workplace accommodations.

Separate Measurement

The process of individually assessing various components or aspects of a system, entity, or performance.

Performance Standards

Criteria set to measure how well tasks and duties are executed, acting as a guideline for the expected level of performance.

Occupational Pro Forma

A document or statement projecting the future financial performance or expected outcomes of a particular job or occupation.