Beachside Coffee Shop, in an Effort to Stream Line Its

question 147

Multiple Choice

Beachside Coffee Shop, in an effort to stream line its accounting system, has decided to utilize a Cash Receipts Journal in its operation. What will be recorded on the post ref column of this transaction?

• A) 10
• B) 15
• C) 42
• D) Ö

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Definitions:

Power To Tax

The legal authority granted to governments to impose charges on individuals and corporations to fund public services and goods.

Government

The structure or mechanism by which a society or country is managed and controlled.

Private Business

A business owned and operated by private individuals or groups, rather than by the state or public, typically aiming to generate profit.