A characteristic that all entries recorded in a cash receipts journal have in common is Select one: A. that they all represent collections from customers B. that they originate from the sales of merchandise C. a debit to the cash account D. a credit to the cash account

A characteristic that all entries recorded in a cash receipts journal have in common is Select one: A. that they all represent collections from customers B. that they originate from the sales of merchandise C. a debit to the cash account D. a credit to the cash account

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 3CE

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A: The Answer:

Question

A characteristic that all entries recorded in a cash receipts journal have in common is

Select one:
A. that they all represent collections from customers
B. that they originate from the sales of merchandise
C. a debit to the cash account
D. a credit to the cash account

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