The one characteristic that all entries recorded in a multi-column purchases journal have in common is a
A) credit to the Cash account.
B) debit to the Cash account.
C) debit to the Accounts Payable account.
D) credit to the Accounts Payable account.

Question

Quizplus · Accepted Answer

All entries in a purchases journal involve purchases made on credit, which means a debit to the Accounts Payable account and a credit to the account from which the purchase was made. Therefore, the common characteristic is a credit to the Accounts Payable account.

The One Characteristic That All Entries Recorded in a Multi-Column