In a firm that uses special journals,the acceptance of a return of merchandise from a credit customer is recorded in the
A) cash receipts journal.
B) sales journal.
C) cash payments journal.
D) general journal.

Question

Quizplus · Accepted Answer

The general journal is used to record non-routine transactions, such as returns of merchandise from credit customers, which do not fit into the specialized journals like cash receipts, sales, or cash payments journals.

In a Firm That Uses Special Journals,the Acceptance of a Return