The one characteristic that all entries recorded in a multiple-column purchases journal have in common is a
A) credit to the Cash account.
B) debit to the Cash account.
C) debit to the Accounts Payable account.
D) credit to the Accounts Payable account.

Question

Quizplus · Accepted Answer

The multiple-column purchases journal is used to record credit purchases made by a business. All entries in this journal will include a debit to the Accounts Payable account because the business has incurred a liability for the purchase. Therefore, the correct choice is D, a credit to the Accounts Payable account.

The One Characteristic That All Entries Recorded in a Multiple-Column