Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, Just need to check my answers please as I am really unsure. Thanks In a cash receipt journal, the sales credit column is posted

Hi,

Just need to check my answers please as I am really unsure. Thanks

image text in transcribed

In a cash receipt journal, the sales credit column is posted to: the sale account. the accounts receivable account. the cash in bank account. the sales tax payable account. The ending balance of Accounts Receivable controlling is equal to the total of the: schedule of accounts receivable. schedule of accounts payable. general ledger account. cash in bank account. Match the terms in Column I with the definitions in Column II. cash sales on account sale of asset sales tax accounts receivable assets debit cash account, credit sales account liability debit accounts receivable (subsidiary), credit sales debit cash account, credit asset account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Audits In The Democratic Republic Of Congo

Authors: Charles Kyungu Kakudji

1st Edition

6206327043, 978-6206327042

More Books

Students also viewed these Accounting questions

Question

b. What groups were most represented? Why do you think this is so?

Answered: 1 week ago

Question

3. Describe phases of minority identity development.

Answered: 1 week ago

Question

5. Identify and describe nine social and cultural identities.

Answered: 1 week ago