Identify the errors in the heading of the cash receipt journal.

Question

Which of the following would not be an appropriate heading for a column in the cash receipts journal? Select one: A. Sales B. Cash C. Creditors D. Discount allowed

Answer 1

Question

Chapter 5, Problem 21E

To determine

Identify the errors in the heading of the cash receipt journal.

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Which of the following would not be an appropriate heading for a column in the cash receipts journal? Select one: A. Sales B. Cash C. Creditors D. Discount allowed

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The following cash receipts journal headings have been suggested for a small service firm. List the errors you find in the headings. CASH RECEIPTS JOURNAL Page 12 Fees Earned Other Accounts Accts. Rec. Account Post. Cash Date Credited Ref. Cr. Cr. Cr. Dr.