Special Journal Used to Record All Transactions Where Cash Is

question 45

Multiple Choice

Special journal used to record all transactions where cash is received

• A)Purchases discount
• B)Cash discount
• C)Trade discount
• D)Credit terms
• E)Cash payments journal
• F)Promissory note
• G)Cash receipts journal
• H)Credit Card Expense
• I)Credit period
• J)Sales discount

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Definitions:

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives through the efficient use of resources.

Span of Control

The number of subordinates a manager or supervisor can effectively manage and control.

Administrative Costs

Expenses associated with daily operations of managing a business or organization, including office supplies, salaries of non-production staff, and utilities.

Customer Classification Departments

Divisions within a company that segment customers based on various criteria to tailor marketing and service delivery.