This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 9. A. The sales discount column is included in the cash receipts journal. 10. D. Accounts receivable is recorded as a column total and other accounts are recorded as individual amounts. 11. C. The totals of all columns are posted monthly to the accounts specified in the column heading. 12. D. Postings from the purchases journal to the subsidiary ledger are generally made daily. 13. B. Dual postings are not always required in the general journal. 14. C. When companies use special journals they record all cash disbursements in the cash payments journal. 15. C. If a customer returns goods for credit, the selling company normally makes an entry in the general journal....
View Full Document
This note was uploaded on 04/06/2011 for the course MISC 101 taught by Professor Misc during the Spring '11 term at Long Island U..
- Spring '11