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3. The cash receipts journal will be used for a. only cash received from customers on account b. all cash received for any purpose c.

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3. The cash receipts journal will be used for a. only cash received from customers on account b. all cash received for any purpose c. cash received from customers on account and cash sales d. only cash received from cash sales 4. In which journal would the payment of salaries be posted? a. cash receipts journal b. special journal c. cash payments journal d. expense journal _6. Which of the following statements is false? a. Most computerized accounting systems use principles from manual systems. b. Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions c. Even small companies use computerized accounting systems. d. Large companies often integrate their accounting system with their automated business systems 9. The natural business year is a a. fiscal year that ends when business activities are at their lowest point b. calendar year that ends when business activities are at their lowest point c. fiscal year that ends when business activities are at their highest point d. calendar year that ends when business activities are at their highest point 10. Which of the following is not considered a special journal? a. purchases journal b. cash receipts journal c. general journal d. cash payments journal

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