Question

13. In which journal is a sale on account recorded?

A. Cash Receipts

B. Cash Payments

C. Purchases

D. Sales

E. None of the above

14. In which journal is a purchase return recorded?

A. Cash Receipts

B. Cash Payments

C. Purchases

D. Sales

E. None of the above

15. In which journal is the cash sale of merchandise inventory recorded?

A. Cash Receipts

B. Cash Payments

C. Purchases

D. Sales

E. None of the above

16. In which journal is the payment of rent recorded?

A. Cash Receipts

B. Cash Payments

C. Purchases

D. Sales

E. None of the above

Answer 1

problem - 13

Sale on account is recorded in sales journal that all credit sales are recorded

Accounts Receivable  A/C Dr   

To Sales Revenue A/c

Problem - 14

Purchase Return is recorded in Purchase Return journal ( none of the above )

Accounts Payable Dr

Purchases return   A/c

Problem - 15

Cash Sale is recorded in Cash receipts Journal which records all Cash receipts

Cash A/c Dr

to Sales Revenue A/C

problem - 16

Cash payments Journal records all Cash payments of a business

Rent A/c DR

Cash A/C