College Accounting A Career Approach
Quiz 10: Cash Receipts and Cash Payments
Collection of a Sale on Account Is Recorded in the Sales
Collection of a sale on account is recorded in the sales journal.
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In the cash receipts journal, the total amount in the Other Accounts column is posted at the end of the month.
In the cash receipts journal, the individual amounts in the Other Accounts column are posted at the end of the month.
The total amount in the Cash Debit column of the cash receipts journal is posted monthly.
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