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

question 39

Multiple Choice

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

• A) Sale of inventory for cash
• B) Sale of a second hand photocopier for cash
• C) Money borrowed from a finance company
• D) Cash refund to a customer for goods returned by them

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Definitions:

Cost Minimization

A strategy aiming to reduce expenses as much as possible while maintaining desired levels of production, quality, and service.

Product Life Cycle

The stages through which a product goes, from its inception and introduction to the market, through growth and maturity, and eventually to decline.

Adolescence

A developmental stage between childhood and adulthood characterized by physical, psychological, and social changes.

Aluminum Manufacturer

A company engaged in the production and distribution of aluminum products, often involving the extraction and refinement of bauxite ore, as well as the casting and rolling of aluminum.