HORNGREN'S FINANCIAL & MANGERIAL ACCOUNT
7th Edition
ISBN: 9780136505273
Author: MILLER-NOBLES
Publisher: PEARSON
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Question
Chapter B, Problem 3QC
To determine
General Journal: It is a book where all the monetary transactions are recorded in the form of
Special Journal: It is a book where only specific type of monetary transactions such as cash receipts, cash payments, credit sales, and credit purchases are recorded.
To identify: Which is not belongs to special journal.
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Which of the following is not a special journal?
Which of the following is not a special journal?
General journal
Sales journal
Cash receipts journal
Purchases journal
Which of the following is not a special journal?
a. Sales journal
b. General journal
c. Cash receipts journal
d. Purchases journal
How does the sales and cash receipts journal work and what types of information does it contain?
Chapter B Solutions
HORNGREN'S FINANCIAL & MANGERIAL ACCOUNT
Ch. B - Prob. 1QCCh. B - Prob. 2QCCh. B - Prob. 3QCCh. B - Prob. 4QCCh. B - Prob. 5QCCh. B - Centex Sound Systems purchased merchandise...Ch. B - Every transaction recorded in the cash payments...Ch. B - Prob. 8QCCh. B - Prob. 9QCCh. B - What is an accounting information system (AIS)?
Ch. B - Prob. 2RQCh. B - Explain the three basic components of an...Ch. B - Prob. 4RQCh. B - What is the purpose of a subsidiary ledger?Ch. B - Prob. 6RQCh. B - List the four special journals often used in a...Ch. B - Explain the posting process of the sales journal.Ch. B - Provide some examples of transactions that would...Ch. B - Explain the posting process of the cash payments...Ch. B - When is the general journal used in a manual...Ch. B - Prob. 14RQCh. B - Prob. 15RQCh. B - Prob. 16RQCh. B - How would a business record a sale of services on...Ch. B - Prob. 18RQCh. B - Evaluating features of an effective accounting...Ch. B - Prob. B.2SECh. B - Identifying special journals Use the following...
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Similar questions
- Which of the following forms cannot be customized? Select one: A. Estimate B. Sales Receipt C. Credit memo D. Invoicearrow_forwardMULTIPLE CHOICE 1. The entries in a purchases journal are posted to which of the following subsidiary ledger? A. Accounts Receivable B. Sales C. Purchases D. Accounts payable 2. The accounts payable ledger has posting from which of the following sets of journal? A. Purchases, cash payments and general B. Purchases, cash receipts and general C. Purchases and sales D. Cash payments and salesarrow_forwardA journal entry that requires a debit to Accounts Receivable and a credit to Sales goes in which special journal?arrow_forward
- Should the purchases journal have a column that is a debit to Accounts Payable?arrow_forwardCan a sales journal be used to record sales on account and a cash sale? Why or why not?arrow_forwardWhich of the following is an example of a contra revenue account? A. sales B. merchandise inventory C. sales discounts D. accounts payablearrow_forward
- A journal designated for entering only sales on account is called cash receipts journal cash payments journal sales journal general journalarrow_forwardWhich of the following is an agent in a purchases and payments structure model? Question 6Answer a. Cash disbursement b. Inventory c. Employee labour d. Supplier e. Receipt of goodsarrow_forwardWhich of the following is NOT a financial transaction? a. purchase of products b. cash receipts c. update valid vendor file d. sale of inventoryarrow_forward
- Which of the following is an example of a contra revenue account?A. salesB. merchandise inventoryC. sales discountsD. accounts payablearrow_forward18-Which of the following is an example of Source document? a. Sales Ledger b. Invoice c. Assets Ledger d. Purchase ledgerarrow_forwardWhich of the following documents will only be used for internal purposes? O Deposit Slip Bill of Lading Purchase Order Purchase Requisition A voucher is prepared before what transaction? Paying O Ordering Receiving O Requestingarrow_forward
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