Question
True or False a.) Services provided for cash are recorded in the revenue journal. b.) The other accounts column in the cash payments journal is
True or False
a.) Services provided for cash are recorded in the revenue journal.
b.) The other accounts column in the cash payments journal is used for recording debits yo any account for which there is no special debit column.
c.) Purchases journals will have an "Other" Accounts credit column.
d.) The use of subsidiary ledgers is limited to Accounts Payable and Accounts Receivable.
e.) The Revenue Journal is designed for efficient recording of cash sales transactions.
f. ) The post refence column of the Revenue Journal will reference the account number of the customer.
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