Which of the Following Transactions Would Not Be Recorded in the Cash

question 9

Multiple Choice

Which of the following transactions would not be recorded in the cash receipts journal?

• A) Cash refund to a customer for goods returned by them.
• B) Goods sold for cash.
• C) Second hand furniture sold for cash.
• D) Borrowings received from the bank.

---

Definitions:

Pretax Income

The amount of income a company generates before any taxes are deducted, also known as earnings before taxes (EBT).