are used to measure the speed in which various accounts are converted into sales or cash.

Prepare a flowchart of the cash receipts procedure described previously

Accounting information systems have five generic parts. Outputs of the purchases and cash disbursements can include: A Schedule of accounts payable. B Checks. C Both schedule of accounts payable and checks. D Neither schedule of accounts payable nor checks.

What is included in the journal entry necessary to record the collection of the cash for a previously recorded credit sale?

When posting the column totals of a cash payments journal, a debit should be posted to a.Unearned Revenue b.Sales Discounts c.Accounts Payable d.Cash

Credit sales are recorded by crediting an account receivable for specific customer. True or false?

Write the difference between accounts receivable and notes receivable.

Which accounts increase with credits?

All cash payments are recorded in:   Sales Journal Cash Payments Journal Cash Receipts Journal General Journal

An invoice is generated in the cash receipts process.sales order creation process.shipping process.picking process.billing process.