Cash Transactions That Have Been Recorded by the Company but Not

question 1

Multiple Choice

Cash transactions that have been recorded by the company but not the bank include:

• A)NSF checks.
• B)Interest earned.
• C)Service fees.
• D)Deposits outstanding.

---

Definitions:

Accounts Receivable

Monetary claims a company holds against customers for supplied goods or services awaiting financial settlement.

Sales Journal

A specialized accounting journal used to keep track of the sales of items on credit.

Accounts Receivable

Accounts receivable refers to the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Sales Revenue

The total amount of money generated from the sale of goods or services by a company before any expenses are subtracted.