61. Which of the following statements about a Sales journal is/are false? *
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:61. Which of the following statements
about a Sales journal is/are false? *
1. Sales of merchandise on account is recorded in sales journal
II. A sale of delivery car on account used by business is recorded in the sales journal.
II. For sales transaction recorded in the sales journal, the debit is entered in the Accounts Receivable column
IV. Sale of merchandise for cash is recorded in Sales Journal.
O A. III only
O B. Il and III
O C. Il and IV
O
D. III and IV
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