In which journal would an adjustment for an overcharge by a creditor be recorded?
A) general journal
B) purchases journal
C) cash payments journal
D) cash receipts journal

Question

Quizplus · Accepted Answer

Adjustments, such as correcting an overcharge by a creditor, are recorded in the general journal. The purchases journal records purchases made on credit, the cash payments journal records cash payments made by the company, and the cash receipts journal records cash received by the company.

In Which Journal Would an Adjustment for an Overcharge by a Creditor