In a firm that uses special journals,an allowance given for damaged merchandise is recorded in the
A) cash payments journal.
B) cash receipts journal.
C) purchases journal.
D) general journal.

Question

Quizplus · Accepted Answer

Allowances for damaged merchandise are typically recorded in the general journal because they involve adjustments that do not fit into the specialized categories of other journals.

In a Firm That Uses Special Journals,an Allowance Given for Damaged