Can a sales journal be used to record sales on account and a cash sale? Why or
Question:
Can a sales journal be used to record sales on account and a cash sale? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
No a sales journal cannot be used for account and ca...View the full answer
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Which fund or account group should be used to record the following? 1. A primary governments general fund equity interest in a joint venture. 2. Fixed assets of a governmental unit, other than those...
-
Which journal(s) would be used to record the following transactions? The business is registered for GST. (a) The introduction of cash and office equipment by the owner on establishment of the...
-
The following entry would be used to record the transfer of material from the storeroom to production if 80% of the material was direct material and 20% was indirect material: Work in...
-
A baseball player usually has four at bats each game. Suppose the baseball player is a lifetime 0.25 hitter. Find the probability that this player will have: (a) Two hits out of four at bats (b) No...
-
How much leeway does an enterpriser have to allocate certain expenses or revenues to other years?
-
For each of the following disubstituted cyclohexanes, indicate whether the substituents in the two chair conformers would be both equatorial in one chair conformer and both axial in the other or one...
-
Help for Insomniacs In Exercise 1.23, we learned of a study to determine whether just one session of cognitive behavioral therapy can help people with insomnia. In the study, forty people who had...
-
The United States Office of Management and Budget (OMB) provides guidance on the allow ability of costs under federal grant agreements in Uniform Administrative Requirements, Cost Principles, and...
-
Essay about Singapore profiles such as GDP per person and GDP per capita growth rate and how to interpret them? and include brief about the Singapore economics.
-
David is age 40 and was widowed in 2022. He has a daughter, Linda, age 8.David provided the entire cost of maintaining the household and over half of the support for Linda. In order to work, he pays...
-
Sold goods for $650 cash. Which journal would the company use to record this transaction? A. Sales journal B. Purchases journal C. Cash receipts journal D. Cash disbursements journal E. General...
-
Sandren & Co. purchased inventory on credit from Acto Supply Co. for $4,000. Sandren & Co. would record this transaction in the ________. A. General journal B. Cash receipts journal C. Cash...
-
The people in a company believe that they are being unfairly treated. What forms might this take? Why is this problematic? What can be done to overcome this situation?
-
The exponential growth and development of technology has been instrumental in changing culture. Critically assess this notion.
-
Critically evaluate the importance of understanding the external environment when developing a marketing campaign.
-
Critically evaluate the notion that segmentation is crucial to the success of a marketing campaign.
-
Why is it important for companies to develop and maintain brands?
-
It is often thought that marketing has evolved over the years, through a number of orientations (production, product, sales, etc.). To what extent are these orientations valid and what might be the...
-
American Express has access to the spending habits of its cardholders. How may it use this information to improve customer satisfaction? How may its retail customers use this information?
-
The polar coordinates of a point are given. Find the rectangular coordinates of the point. (-1, - /3)
-
Should gifts made by individuals to a nonprofit organization that receives the largest portion of its revenues from fees for services be fully tax deductible, partially tax deductible or not...
-
Read the article, Exploring Religious Congregations? Registration With the IRS by Christopher Scheitle, Erica Dollhop-f, and John McCarthy. Explore the regional, religious, and administrative...
-
Read the article, Exploring Religious Congregations? Registration With the IRS by Christopher Scheitle, Erica Dollhop-f, and John McCarthy. (See Articles.) Discuss the role New Institution Theory may...
-
1. In the author's own words, what is the thesis. of this piece? 2.Ericcsonstarts off by discussing a day during which she admitted to lying multiple times. What is the effect of this introduction?...
-
It's the second month of the academic term for Tariq, a second-yearEnvironment student.Tariq has submitted many job applications in WaterlooWorks, but has not yet been invited to an interview. Tariq...
-
In the past, your office has always sponsored a holiday season party at a nice restaurant. As your company has undergone considerable downsizing and budget cuts during the past year, you know that no...
Study smarter with the SolutionInn App