In a Firm That Uses Special Journals, the Collection of Sums

question 55

Multiple Choice

In a firm that uses special journals, the collection of sums on account from credit customers is recorded in the

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

---

Definitions:

Labor-market Discrimination

Unfair treatment of workers based on personal characteristics unrelated to their job performance or skills, such as race, gender, or age.

Racial Minority

A group of people identified by their race who make up a smaller percentage of the total population than the majority group.

Labor Market

The supply of available workers in relation to available work.

Wages

The monetary compensation paid by employers to employees for their labor, typically calculated on an hourly, daily, or piecework basis.