When special journals are used: (a) all purchase transactions are recorded in the purchases journal. (b) all

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When special journals are used:

(a) all purchase transactions are recorded in the purchases journal.

(b) all cash received, except from cash sales, is recorded in the cash receipts journal.

(c) all payments are recorded in the cash payments journal.

(d) a general journal is not necessary.

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Accounting Principles

ISBN: 9780471980193

8th Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel

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Question Posted: May 09, 2024 08:45 AM

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When special journals are used: (a) all purchase transactions are recorded in the purchases journal. (b) all

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Accounting Principles

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