If a firm does not have a sales returns and allowances journal, the entries for these transactions are made in
A)the general journal.
B)the cash payments journal.
C)the sales journal.
D)the cash receipts journal.

Question

Quizplus · Accepted Answer

If the firm does not have a specific sales returns and allowances journal, the entries for these transactions would be made in the general journal, as it is a catch-all journal for transactions that don't have a specific journal to record them in. The entries would then be posted to the appropriate accounts in the general ledger.

If a Firm Does Not Have a Sales Returns and Allowances