16.Net sales is sales revenue lessA)sales discounts.B)sales returns.C)sales returns and allowances.D)sales discounts and sales returns and allowances.
17.Postings are made daily to subsidiary ledgers so that
18.If a transaction cannot be recorded in a special journal
19.Entries in a sales journal are
20.A company uses a sales journal, cash receipts journal, purchases journal, cash payments journal, and a general journal. A cash sales return would be recorded in theA)sales journal.B)cash receipts journal.C)cash payments journal.D)general journal.
21.Debit postings to the individual accounts in an accounts receivable subsidiary ledger generally come from the