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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

LO2 All sales, for cash or on credit, are recorded in the sales journal.

To determine

Identify whether the given statement is true or false.

Explanation

Sales Journal

Journal entry: Journal entry is a set of economic events which can be measured in monetary terms. These are recorded chronologically and systematically.

Sales journal is one form of special journal book, which records all the sales transactions that are sold to customers on credit...

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