Which of the following is recorded in the sales journal

Asked by admin @ 03/08/2021 in Accountancy viewed by 476 People

Which of the following is recorded in the sales journal?

a) return of merchandise purchased for cash
b) sale of merchandise for cash
c) sale of merchandise on account
d) return of merchandise purchased in account

Answered by admin @ 03/08/2021

I think the option is c

I hope this will help you

and plzz follow me

How to record income tax expense with a journal entry

Asked by admin @ 10/11/2021 in Business viewed by 352 persons

Culver Company has the following two temporary differences between its income tax expense and income taxes payable. 2020 2021 2022 Pretax financial income $873,000 $866,000 $947,000 Excess depreciation expense on …

Cash from sales of merchandise will be recorded in the

Asked by admin @ 10/11/2021 in Business viewed by 267 persons

Wexim Toys sold merchandise to a customer on credit, terms 2/10, n/30 for $11,700. Three days later, the customer returned $2,300 of the merchandise. When recording the return transaction, Wexim …

If a transaction cannot be recorded in a special journal

Asked by admin @ 29/10/2021 in Business viewed by 334 persons

Special journals The accounting system of K and M Manufacturing consists of a general journal (GJ), a cash receipts journal (CR), a cash disbursements journal (CD), a sales journal (SJ), …

A debit is used to record which of the following

Asked by admin @ 07/10/2021 in Business viewed by 345 persons

A debit is used to record which of the following: A. An increase in a revenue account. B. An increase in the dividends account. C. A decrease in an expense …

Enter the following transaction in the journal of mudit

Asked by admin @ 20/08/2021 in Accountancy viewed by 3056 persons

Enter the following transactions in the Journal of Mudit:- Jan1 Commenced business with cash Rs.175,000And buildingRs.100,000Jan2-Goods purchased for cashRs. 75,000Jan3 Sold goods to Ramesh …

Pass necessary journal entries to rectify the following errors

Asked by admin @ 17/08/2021 in Accountancy viewed by 651 persons

Pass necessary journal entries to rectify the following errors @) Sale ofan old machine for Rs. 4,500 was posted to Sales account.(i) Rent ofproprietors residence of Rs. 12,000 was …

The source document for recording in sales book is

Asked by admin @ 11/08/2021 in Accountancy viewed by 446 persons

The source document for recording in purchase book is ______.

Which of the following statements about credit sales are true

Asked by maham237 @ 10/07/2021 in Business viewed by 307 persons

(You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with …

4.2 3 journal following a stock

Asked by maham237 @ 10/01/2021 in Business viewed by 481 persons

Write a journal entry about your imagined investment. Answer the following questions as you write. 1. What stock did you buy?

6 7 recording general journal transactions answers

Asked by maham237 @ 03/01/2021 in Business viewed by 348 persons

Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 8 percent sales tax on all sales. DATE TRANSACTIONS 2019 April 2 Sold merchandise for …

Which of the following is a consumer sales promotion activity

Asked by admin @ 29/10/2021 in Business viewed by 318 persons

Which of the following statements about sales promotions is correct?A. The use of sales promotions has declined in recent years.B. The heavy use of sales promotions has resulted in promotion …

How are sales revenues recorded under a perpetual inventory system

Asked by admin @ 29/10/2021 in Business viewed by 275 persons

When a company uses the perpetual inventory system ________. A) purchases of Office Supplies and Equipment that will be used in the day-to-day operations of the business are recorded as …