quiz-2-accounting.docx - Document supporting the sales...

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Document supporting the sales return and allowances is called a debit memo.Select one: TrueFalse Question 2Not yet answeredMarked out of 1.00Flag questionQuestion textWhat journal will you use to record the following transaction:Sales of merchandise inventory on credit.Select one: Clear my choiceQuestion 3Not yet answeredMarked out of 1.00Flag questionQuestion textIt is an accounting journal for recording one specific kind of business transactions.Select one:
c. Cash Receipts Journald. Accounts Receivable subsidiary ledgerClear my choice Question 4Not yet answeredMarked out of 1.00Flag questionQuestion textIt is also called check register or cash disbursements journal.Select one: Clear my choice Question 5Not yet answeredMarked out of 1.00Flag questionQuestion textSales Discount is recorded in theSelect one: a. Cash Payments Journalb. Cash Receipts Journalc. Sales Journald. General Journal
Clear my choice Question 6Not yet answeredMarked out of 1.00Flag questionQuestion textThe total of all the balances of the customers' subsidiary ledgers should be equal to the balance of Account Receivable general ledger.Select one: Question 7Not yet answeredMarked out of 1.00Flag questionQuestion textIt is a special journal used to record the business cash receipts from whatever source.Select one: Clear my choice Question 8Not yet answered Marked out of 1.00
Flag question Question textAll cash outflows are recorded in theSelect one:

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