Which special journal could contain a column for sales discount?
A)purchases journal
B)sales journal
C)cash receipts journal
D)cash payments journal

Name: Which special journal could contain a column for sales discount? A)purchases journal B)sales journal C)cash receipts journal D)cash payments journal
Brand: Quizplus
Rating: 5.0 (30 reviews)

Question

Quizplus · Accepted Answer

The cash receipts journal is used to record all cash inflows, including sales discounts given to customers when they pay their invoices early.

Which Special Journal Could Contain a Column for Sales Discount