The sales journal is used for recording:
A: Credit purchases.
B: Credit sales.
C: Cash sales.
D: Cash purchases.
E: Cash receipts.
A: Credit purchases.
B: Credit sales.
C: Cash sales.
D: Cash purchases.
E: Cash receipts.
举一反三
- Cash collections from customers include thecurrent month’s cash sales plus collections on credit sales.
- Which of the following is not a special journal: A: Sales journal. B: Purchases journal. C: Cash receipts journal. D: Cash disbursements journal. E: General journal.
- At the end of the day, the cash register's record shows $1,250, but the count of cash in the cash register is $1,245. The correct entry to record the cash sales is A: Debit Cash $1,245; Credit Sales $1,245. B: Debit Cash $1,245; debit Cash Over and Short $5; credit Sales $1,250. C: Debit Cash $1,250; credit Sales $1,250. D: Debit Cash $1,250; credit Sales $1,245, credit Cash Over and Short $5. E: Debit Cash Over and Short $5, credit Sales $5.
- At the end of the day, the cash register system shows $3,000 of cash sales, but the count of cash in the register is $2,950. The appropriate journal entry to account for this difference includes: A: Credit to Cash for $50. B: Debit to Cash for $50. C: Credit to Cash Over and Short for $50. D: Debit to Cash Over and Short for $50.
- Which of the following would never be an analysis column heading on the credit side of the petty cash book? A: Sales tax B: Sundry C: Entertainment D: Sales