Credits to customer accounts and credits to Other Accounts are individually posted from a cash receipts journal

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Credits to customer accounts and credits to Other Accounts are individually posted from a cash receipts journal such as the one in Exhibit E.7. Why not put both types of credits in the same column and save journal space?

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Financial Accounting Information For Decisions

ISBN: 9780073043753

4th Edition

Authors: John J. Wild

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Question Posted: Jul 20, 2024 04:03 AM

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Credits to customer accounts and credits to Other Accounts are individually posted from a cash receipts journal

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Financial Accounting Information For Decisions

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