Cash Sales Are Recorded in the ________ Journal

question 142

Multiple Choice

Cash sales are recorded in the ________ journal.

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

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Definitions:

Departmental Balance Sheets

Departmental Balance Sheets are financial statements that show the assets, liabilities, and equity of specific departments within a company, providing insight into their financial position.

Computer Supplies

Various items like paper, toners, disks, and other materials used with computers in an office or home setting.

Office Supplies

denotes consumable items like pens, paper, and printer ink that are used in an office setting for daily operations.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from the revenue earned from sales.