In Which Journal Would an Adjustment for an Overcharge by a Creditor

question 50

Multiple Choice

In which journal would an adjustment for an overcharge by a creditor be recorded?

• A) General journal
• B) Purchases journal
• C) Cash Payments journal
• D) Cash Receipts journal

---

Definitions:

World Trade

The exchange of goods and services across international borders, encompassing the import and export transactions between countries.

Agricultural Products

Products obtained from agriculture and farming, such as animals, crops, and other unprocessed materials.

Political Logrolling

A practice in politics where two or more members agree to vote for each other's proposed bills or policies, often regardless of their individual merits, to achieve their respective objectives.

U.S. Senate

One of the two chambers of the United States Congress, responsible for making and passing federal laws.