The Credit Card Expense Column Would Most Likely Be Found

question 75

Multiple Choice

The Credit Card Expense column would most likely be found in

• A) the purchases journal.
• B) the cash payments journal.
• C) the sales journal.
• D) the cash receipts journal.
• E) all the special journals.

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Definitions:

Possesses

To have or hold property, items, or qualities, indicating ownership or control over such.

Receive

The act of accepting or taking possession of something that has been given, sent, or awarded to someone.

Destination Contracts

Contracts specifying that the seller is responsible for the delivery of goods to a specific destination.