When using a purchases journal, Select one: a. the Other Accounts total is posted to Accounts Payable
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Question:
When using a purchases journal, Select one:
a. the "Other Accounts" total is posted to Accounts Payable at month's end
b. posting to creditor accounts is only done at the end of the month
c. all cash and credit purchases are recorded in the journal
d. there will always be an "Accounts Payable Cr." column
Related Book For
Accounting Information Systems
ISBN: 9780132871938
11th Edition
Authors: George H. Bodnar, William S. Hopwood
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