Which of the following is not a special journal? Which of the following is not a special journal? General journal Sales journal Cash receipts journal Purchases journal

Q: What is the posting procedure for the sales journal?

A: Sales journal is used to record the entries related to only credit sales includes goods and services…

Q: The process of transferring the debit and credit information from the journal to individual accounts…

A: Journalizing is  the first step of accounting and involves recording a  business financial…

Q: The book of original entry that will accommodate entries which cannot be appropriately recorded in…

A: Option D is correct.

Q: Which of the following is not a special journal? a. Sales journal b. General journal c. Cash…

A: Special journals: Special journal are journals which records transactions that occur frequently such…

Q: Difference between sales receipts and invoices

A:

Q: Business incurred travelling cost of OMR 50. Which of the following specialized journals will record…

A: The answer is option (d.) [ cash payment journal] Refer step 2 for explanation

Q: Identify the special journal(s) in which the following column headings appear.     Column Headings…

A: Journal Entries are record of transaction in accounting systems. As per nature these journals…

Q: Distinguish between sales book and sales account.

A: Sales book: Sales book is one of the subsidiary book of accounting in which all the transactions…

Q: We record a sale on account that involves sales tax in which journal?     cash disbursement…

A: Sales on account are generally recorded in the sales journal,but it only record sales on account not…

Q: One of the following journals does not fall under the classification of books of prime entry: a.…

A: Assets are important part of accounting.They are of two types current and non-current.Some examples…

Q: Which of the following forms cannot be customized? Select one: A. Estimate B. Sales Receipt C.…

A: Under QBO there is a feature to customize your forms.

Q: The functions of and documents generated by which of the below departments determine when a…

A: Lets understand the basics. In organization, there are various department which are inter connected…

Q: Required Prepare the SALES JOURNAL Prepare the PURCHASES JOURNAL

A: A journal is a record that records every one of the monetary exchanges of a business, to be utilized…

Q: Explain the posting process of the sales journal?

A: Sales JournalThe Sales Journal is used to record the transaction when the sale of merchandise…

Q: Which of the following would not be an appropriate heading for a column in the cash receipts…

A: Cash receipt journal records the receipt of cash from sales to customers. Cash receipt journal…

Q: What purpose is served by prenumbering sales orders, shipping documents, and sales invoices?

A: Revenue Cycle: Revenue cycle records all the transactions that originate from selling a product and…

Q: What are the columns that are typically used in the purchases journal?

A: A Purchase Journal records all purchases made on credit during a period. In other words, this is the…

Q: Which duties should be segregated? a. matching purchase requisitions, receiving reports, and…

A: Cash Disbursement System:   The cash disbursement system carries out the responsibility of…

Q: Is it a credit memo issued by a vendor or a debit memo issued by a purchaser? What's the difference?

A: The difference will be explained:

Q: In a manual accounting system, what advantage does the journal voucher system have over the…

A: Journal  Voucher Journal voucher is a special source of document which has been replaced for general…

Q: Which record is not usually maintained under the single entry bookkeeping system? a. cash book b.…

A: Single entry bookkeeping is the method of bookkeeping where every transaction effects single side of…

Q: 33.This is the type of special journal where sales invoice from a supplier may be found.    A. sales…

A: There are various types of journals which are being maintained as part of books of accounts.…

Q: Villar Co. uses special journals and a general journal. Identify the journal in which each of the…

A: Purchases journal -A special journal in which all purchases of merchandise on account are…

Q: 32.This is the type of special journal makes use of sales invoices issued by companies.    A.…

A: Accounting is essential to operating a company since it allows businesses to track income and…

Q: Identify the special journal(s) in which the following column headings appear.     Column…

A: Column Headings Special Journals a. Sales discounts Dr Cash receipts journal b. Accounts…

Q: Credits to customer accounts and credits to Other Accounts are individually posted from a cash…

A:

Q: Which of the following would not be an appropriate heading for a column in the cash receipts…

A: Answer to Question: C) Creditors…

Q: Which of the following journals is called an all-purpose journal? Please explain with full…

A: There are two journals. One is general journal and another is special journal.

Q: The characteristic that all entries recorded in a cash receipts journal have in common is Group of…

A: The cash receipts journal is a special journal  used in accounting to  record all the cash…

Q: What general ledger journal entries does the purchases system trigger? From which departments do…

A: Purchasing System: The identification and procurement of the inventory needs for the organization is…

Q: Why should the function of requisitioning the purchase of goods be segregated from the function of…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Which of the following functions is not included in the typical expenditure cycle involving goods?…

A: Expenditure cycle refers to specific period related to acquisition of and payment of goods and…

Q: What is purpose of sales journals?

A: Sales journal: It is one form of special journal book, which records all the sales transactions that…

Q: what are the entries for the cash receipt journal and general journal.

A: Cash receipt journal is the journal which has been used by the company which are used to record as…

Q: Please classify the following transactions into the 7 journals in accounting.  General Journal…

A: 1. General Journal: General journal records all transactions which don't find place in other…

Q: 18-Which of the following is an example of Source document? a. Sales Ledger b. Invoice c. Assets…

A: Some common examples of source documents include sales receipts, checks, purchase orders, invoices,…

Q: Describe the flow of data in the purchasing process that is initiated when the purchasing…

A: A data flow diagram is a flow of data that analyzes the beginning criteria and end results of a…

Q: What are he four main special journals.      cash, receipts, AR, AP     cash receipts; sales,…

A: Special journal:  Special journal allows a company to record the particular types of repeated and…

Q: Journalizing Sales Transactions

A: Journal entries is given bellow,

Q: All of the following are documents used for inventory control except Oa. a receiving report. Ob. a…

A: There are various documents that works as evidence of a transaction.

Q: True or False: The posting of purchase transactions to the general ledger is done in the same manner…

A: Purchase transactions are the transactions relating to the procurement of goods from the party…

Q: Identify the special journal(s) in which the following column headings appear.     Column Headings…

A: Special journal is a journal which record similar type of transactions such as sales, purchases,…

Q: Explain the purpose of sales journal.

A: Journals are prepared by the company to record the monetary transactions of the company.