Which of the Following Is Not an Advantage of the Cash

question 16

Multiple Choice

Which of the following is not an advantage of the cash receipts journal?

• A) Transactions can be recorded on one line.
• B) Transactions involving debits to cash are recorded in one place.
• C) Special columns are not used in the cash receipts journal.
• D) Posting repetition is eliminated.

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Definitions:

Representativeness Heuristic

A cognitive shortcut that involves judging the probability of an event by how much it resembles what we consider to be a typical example of that event.

Availability Heuristic

A quick-thinking process that depends on the first examples that pop into someone's head when they are considering a particular subject, idea, approach, or choice.

Relative Comparisons

The act of evaluating something in relation to another similar item.

Availability Heuristic

A cognitive shortcut that relies on the immediate examples that come to a person’s mind when evaluating a specific topic, concept, method or decision.