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what are the Answers to these 10 questions The Purchases Returns and Allowances account has a normal debit balance. True or False At the end
what are the Answers to these 10 questions The Purchases Returns and Allowances account has a normal debit balance. True or False At the end of the accounting period the total of the accounts in the accounts payable subsidiary ledgers need not agree to the total in the firm's accounts payable control account. Theg or Faste The entry to record the return of merchandise purchased on credit includes: Multiple Choice a debit to Account Payable and a debit to Purchases Returns and Allowances. a debit to Account Payable and a credit to Purchases Returns and Allowances. a credit to Account Payable and a deblt to Purchases Returns and Allowances. a credit to Account Payable and a credit to Purchases Returns and Allowances. Whenever a sales department needs goods, it sends the purchasing department a form called a(n): Multiple Choice recelving report. purchase order. purchase requisition. purchase invoice. Cash Short or Over is an expense account when it has a debit balance. True or False The individual amounts in the Sales Credit column of the cash receipts journal are posted to the accounts recelvable subsidiary ledger. True or False Amounts that appear in the Other Accounts Credit section of the cash receipts journal require indlvidual posting to the general ledger. True or False After a multicolumn special journal such as a cash receipts journal is totaled, it should be proved to be sure that the debits and credits in the journal are equal. True or False Grouping all transactions involving cash payments together in the cash payments journal strengthens the audit trail. True or False The individual amounts in the Accounts Payable Debit column of the cash payments journal are posted to the accounts payable subsidiary ledger. True or Folse
what are the Answers to these 10 questions
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