Journal entries commonly processed as part of the purchases and cash disbursements can include:   A Debits to inventory. B Credits to accounts payable. C Credits to cash. D All of these.

When passing a journal entry for this transaction what would be debited? Received cash delivery rendered to customer

Accounting information systems have five generic elements . Which of the following pairs includes examples of two different elements within the context of the acquisition /payment process ? Select one : a. All of these b. Journal entry that debits inventory and credits cash O c. Separation of duties and a blind copy of the receiving report O d. Purchase requisition and schedule of accounts payable

Which of the following balance sheet items are commonly associated with the purchases and cash disbursements cycle? A Inventory and accounts payable B Purchases and accounts receivable C Cash paid to vendors D Cash received from the sale of inventory

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

3. Give at least one example of each Merchandise transaction for a) Receipt b) Sales Invoice (Credit) c) Debit note d) Credit note e) Voucher

Which of the following is the correct journal entry to record a sale to a customer on account?   A) Debit Cash       Credit Sales   B) Debit Sales       Credit Accounts Receivable   C) Debit Accounts Receivable        Credit Cash   D) Debit Accounts Receivable         Credit Sales