In which journal would a customer's partial payment on account be recorded?
A) Sales journal
B) Cash receipts journal
C) General journal
D) Cash payments journal

Question

Quizplus · Accepted Answer

A customer's partial payment on account is recorded in the cash receipts journal, as it involves the receipt of cash. The sales journal is used to record credit sales, the general journal is used for non-routine and adjusting entries, and the cash payments journal is used to record payments made by the company.

In Which Journal Would a Customer's Partial Payment on Account