Question: Which statement best describes what the 'Other' column is used for when using a special journal system? Used to record cash sales Used to record

 Which statement best describes what the 'Other' column is used for

Which statement best describes what the 'Other' column is used for when using a special journal system? Used to record cash sales Used to record the amount of a transaction that needs to be posted to a general ledger account The transaction involves debiting or crediting an account not represented by any of the column headings Used to record purchases on account

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!