Question
According to the seven step procedure used in the SUA, a subsidiary ledger entry should be made for Group of answer choices Every transaction Transactions
According to the seven step procedure used in the SUA, a subsidiary ledger entry should be made for
Group of answer choices
Every transaction
Transactions involving credit sales, credit purchases, or payments to credit accounts
Cash purchases by pre-approved customers
Only transactions where there is a general journal entry
It's July and Nancy, Jim, and Ray are still out sick due to COVID-related issues.A work-study has been hired to assist you until they return to the office but the student worker does not know how to read flowcharts.You need to find the appropriate flowchart and tell her the next step using your SUA Instructions and Flowcharts book.
The accounting entries made to document sales returns by a company's customers who was previously invoiced for the order would be made in the ________________________.
Group of answer choices
cash disbursements journal
accounts receivable subsidiary ledger
purchase journal
general journal
sales journal
A company sends a purchase order and a check to an approved vendor for a list of items.The company accountant should record this purchase in the
Group of answer choices
Sales Journal
Purchase Journal
Cash Disbursements Journal
General Journal
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