In a Manual Accounting Information System,cash Purchases Are Generally Recorded

question 32

Multiple Choice

In a manual accounting information system,cash purchases are generally recorded in the ________.

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

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Definitions:

Dividend Policy

A company's strategy or guidelines dictating how often dividends will be paid to shareholders, the form of the dividend, and how much will be distributed.

Contingencies

Potential events or conditions that may occur in the future and could impact the financial performance or operations of a business.

Business Plan

A formal written document detailing the goals of a business, the strategy for achieving them, and the timeframe for success.

Planning Horizon

The time a business plan covers. Typically between a few months and five years.