Hi could someone please help me with these accounting questions?
Hi could someone please help me with these accounting questions?
When posting the column totals of a cash payments journal, a debit should be posted to
a. Cash
b. Accounts Payable
c. Sales Discounts
d. Unearned Revenue
Which of the following is not an advantage of a computer accounting systems?
a. Special journals are not typically used.
b. Reports are easy to generate.
c. Automatic posting to account balances.
d. Month end postings to controlling accounts.
A purchase of supplies for cash is recorded in the
a. Revenue journal
b. Purchases journal
c. Cash Receipts journal
d. Cash Payments journal
Answers:
Chosen Answer
Sandy: When posting the column totals of a cash payments journal, a debit should be posted to b. Accounts Payable Which of the following is not an advantage of a computer accounting systems? a. Special journals are not typically used. A purchase of supplies for cash is recorded in the d. Cash Payments journal
2008-09-29 05:44:03
Sandy: When posting the column totals of a cash payments journal, a debit should be posted to b. Accounts Payable Which of the following is not an advantage of a computer accounting systems? a. Special journals are not typically used. A purchase of supplies for cash is recorded in the d. Cash Payments journal
2008-09-29 05:44:03