In a typical sales journal,you would expect to see the following columns:
A)Sales dr.
B)Sales cr.
C)Purchases dr.(if periodic method used).
D)Inventory dr.(if perpetual method used).
E)Cost of Goods Sold cr.(if perpetual method used).

Question

Quizplus · Accepted Answer

A sales journal typically records credit sales, so you would expect to see a "Sales cr." column to record the credit to sales revenue.

In a Typical Sales Journal,you Would Expect to See the Following