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

Question

Quizplus · Accepted Answer

The acceptance of a return of merchandise from a credit customer is recorded in the general journal because it is a non-routine transaction that does not fit into the more specialized journals like the sales or cash journals. Special journals are used for recording common types of transactions, and returns do not occur as frequently as sales or cash transactions.

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