$$\text { Match the transactions below with the journal or ledger in which it would be entered. }$$
-Sale on account
A)Cash receipts journal
B)Cash payments journal
C)Revenue journal
D)Purchases journal
E)General journal

Question

Quizplus · Accepted Answer

ESale on account is recorded in the Revenue journal because it is a sale that does not immediately involve cash but will generate revenue. However, if a business does not have a specific Revenue journal, such transactions are recorded in the General journal.

Match the transactions below with the journal or ledger in which it would be entered. \text { Match the transactions below with the journal or ledger in which it would be entered. } Match the transactions below with the journal or ledger in which it would be entered.

$\text { Match the transactions below with the journal or ledger in which it would be entered. }$