Which of the following should be entered in the Journal? (i) Payment for cash purchases (ii) Fixtures
Question:
Which of the following should be entered in the Journal?
(i) Payment for cash purchases
(ii) Fixtures bought on credit
(iii) Credit sale of goods
(iv) Sale of surplus machinery.
(A) (i) and (iv)
(B) (ii) and (iii)
(C) (iii) and (iv)
(D) (ii) and (iv).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
The journal is used to record all financial transac...View the full answer
Answered By
Owino Otieno
My proficiency as a tutor lies in my ability to understand and respond to questions, provide explanations, and offer detailed information on various topics. I can help with academic subjects such as mathematics, science, history, literature, and more. I can also provide assistance with writing, proofreading, and language learning.
I am capable of adapting to different learning styles and can present information in a clear and concise manner. I can break down complex concepts into simpler terms, provide examples and illustrations, and engage in interactive discussions to enhance the learning experience. Additionally, I can offer guidance on problem-solving strategies, critical thinking, and exam preparation.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
Explain line by line the following and code and why it doesn't work and which lines contains and error.This is using java: public class Array1 (1 public static void main(String[] args) { int array[]...
-
Mai, a fashion retailer, did not record goods costing $500 taken for personal use. What was the effect of this error? Gross profit Profit for the year Overstated Understated Overstated Understated A...
-
The figure shows an isosceles triangle with equal sides of length a surmounted by a semicircle. What should the measure of angle be in order to maximize the total area? D I D
-
In the conversion of a-ketoglutarate to glucose, which of the following compounds are not obligatory intermediates in this pathway? * Oxaloacetate O Fructose 1,6 bisphosphate O Malate O 1,3...
-
Lukawitz Industries leased equipment to Seminole Corporation for a four-year period, at which time possession of the leased asset will revert back to Lukawitz. The equipment cost Lukawitz $4 million...
-
The National Hockey Leagues Florida Panthers play in the BB&T center. The cost of parking is $20. However, Lexus occasionally pays the cost by offering free parking to drivers of Lexus cars. A...
-
A positively charged particle located at the origin of an \(x y z\) coordinate system spins about the \(z\) axis, and the spin is counterclockwise when viewed looking down from the positive \(z\)...
-
The distribution ages for students at the state college is positively skewed with a mean of = 21.5 and a standard deviation of = 3. a. What is the probability of selecting a random sample of n = 4...
-
Stewiacke Ltd. is currently considering a project with a four-year life that it believes may return the company to profitability. Stewiacke recently did a market survey at a cost of $100,000. The...
-
The Journal is (A) Part of the double entry system (B) A supplement to the Cash Book (C) Not part of the double entry system (D) Used when other journals have been mislaid.
-
A cheque paid by you, but not yet passed through the banking system, is (A) A standing order (B) A dishonoured cheque (C) A credit transfer (D) An unpresented cheque.
-
Use your spreadsheet or other computer program to generate 100 random integers in the range 0 to 9. Draw up a frequency table and use a 2 test to examine whether there is any bias towards any...
-
Walter Levy and Henry Disharoon formed a partnership to purchase a jet and to operate a charter airline business. Disharoon located a jet and informed Levy that the price was $963,000. After Levy...
-
As the hospital administrator responsible for risk management, what is the proper way to handle a hospital employee who breached patient confidentiality by posting a selfie with an unconscious...
-
Lydia, CEO of a major company, need FMLA leave to get treatment for HIV. What are the company's monetary responsibilities to her while she is out on leave? In anticipation of her return, they inform...
-
Question 1. Identify and explain 2 strategies to handle product /service quality complaints and 2 strategies to deliver quality customer service.
-
Write the equation of the line given ( 5 , 7 ) and ( 1 0 , - 8 )
-
Which of the following firms faces the greater threat of cheating in the alliances described, and why? a. Firms I and II form a strategic alliance. As part of the alliance, Firm I agrees to build a...
-
TRUE OR FALSE: 1. Banks with a significantly large share of fixed-interest rate home loans are less exposed to interest rate risks. 2. Although Australian banks are pretty big, they are not...
-
Assume the company in Question 46.1 pays tax at 30 per cent, on 30 September each year, nine months after the end of its financial period. The company receives 20 per cent writing-down allowances on...
-
Assume the company in Question 46.1 pays tax at 30 per cent, on 30 September each year, nine months after the end of its financial period. The company receives 20 per cent writing-down allowances on...
-
If you had 5,000 to spend today and had the choice of investing it in a five year bond with a bank, or lending it to a friend who had just opened a restaurant and who offered you 10 per cent of the...
-
How do evolving modes of communication and information dissemination reshape the terrain of social activism and advocacy in an increasingly digitized world?
-
In what ways do evolving cultural narratives and ideologies contribute to the trajectory of social change within modern civilizations?
-
How does the intersectionality of various social identities shape the contours and outcomes of efforts aimed at effectuating societal change?
Study smarter with the SolutionInn App