In which book of prime entry will Lee record credit notes he has issued? A. Purchases journal
Question:
In which book of prime entry will Lee record credit notes he has issued?
A. Purchases journal
B. Purchases returns journal
C. Sales journal
D. Sales returns journal
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
option D is correct Sales returns journal Justification The dayb...View the full answer
Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
Question Posted:
Students also viewed these Business questions
-
Which book of prime entry is part of the double entry system? 1. Cash book 2. Petty cash book 3. Purchases journal 4. Sales journal A. 1 only B. 1 and 2 C. 3 and 4. D. 1, 2, 3 and 4
-
Selecting the correct book of prime entry Renea is the owner of a retail unit. Her business's accounting system includes all seven books of prime entry as part of her books of account. The following...
-
purchases and sales note not all journal entry numbersletters or lines may need to be completed or require fillin if no journal entry is needed, write na seller's entries date description post ref...
-
Describe the risk assessment approach used for Enterprise Risk Management(ERM) at Worker's Compensation Fund(WCF). How does this approach compare to ISO 31000? Does it consider risks with upside...
-
Perform the following conversions. a. 4.701 1015 mL to kiloliters b. 8.022 10-11 ks to microseconds
-
Last year, a toy manufacturer introduced a new toy truck that was a huge success. The company invested $2.5 million for a plastic injection molding machine (which can be sold for $2.0 million) and...
-
How are the elementary magnets aligned in the magnet in Figure P27.3? Data from Figure P27.3
-
Relevance of equipment costs. The Auto Wash Company has just today paid for and installed a special machine for polishing cars at one of its several outlets. It is the first day of the companys...
-
Show work in terms of time lines or formulas ( No Excel) 4. A investment project generates the following incremental cash inflows over the next 5 years, C = $1.5 million, C = $1.3 million, C3 = $1...
-
A buyer received bids from three suppliers for a vital component part for its latest product. Given the following information, use total cost analysis to determine which supplier should be chosen....
-
Cheyenne sells goods on credit terms and allows her customers a trade discount of 25%. In June the list price of goods returned by customers totalled $2,400. What entry will Cheyenne make in her...
-
Ryan buys and sells on credit terms and keeps a full set of accounting records. Where does he maintain the accounts of his credit customers A. Sales journal B. Sales ledger C. Purchases journal D....
-
Advances in technology often spur evolution in the entertainment industry. How might new products and services, such as the iPhone and YouTube, and Ludias games affect entertainment in years to come?
-
6 2 Solve for x and check your answer: your answer: 4+- x-5x-5
-
Yield to maturity The bond shown in the following table pays interest annually. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Par value $500...
-
Financial analysis ratios can NOT be used to compare a company's operations from period to period compare the company's operations to the operations of industry leaders. facilitate better decision...
-
write a comprehensive Communication. You must submit your work essay related to Strategic . The topic is, "Do you think all companies should invest in varieties of communication programs and recruit...
-
2. On December 31, 2020, the total assets of Allen, Inc. were $91,000, and liabilities were $48,000. Allen, Inc. began business January 1, 2016, and had an average net income of $16,000 per year....
-
The chair conformer of fluorocyclohexane is 0.25 kcal mol (1.0 kJ mol) more stable when the fluoro substituent is in the equatorial position than when it is in the axial position. How much more...
-
Conduct a VRIO analysis by ranking Husson University (in Maine) business school in terms of the following six dimensions relative to the top three rival schools. If you were the dean with a limited...
-
Discuss the life cycle of a product in terms of its probable impact on a manufacturers marketing mix. Illustrate using personal computers.
-
What characteristics of a new product will help it to move through the early stages of the product life cycle more quickly? Briefly discuss each characteristic illustrating with a product of your...
-
What is a new product? Illustrate your answer.
-
Question 3: In your own words, describe the trends in venture capital market and New Zealand Venture Capital Investors in New Zealand. (3 Marks) Provide a list of ten venture capital investors...
-
You purchase 1,000 shares of an AGF mutual fund for $25 and hold it for 3 years, earning a 10% return, compounded monthly. The fund charges a back-end load of 4%. What are your net proceeds upon sale?
-
1. The market portfolio (M) has the expected rate of return E(rm) = 0.12. Security A is traded in the market. We know that E(A) = 0.17 and BA = 1.5. (a) What is the rate of return of the riskfree...
Study smarter with the SolutionInn App