Bundle: College Accounting: A Career Approach (with QuickBooks Online), Loose-leaf Version,13th + CengageNOWV2, 1 term (6 months) Printed Access

13th Edition

ISBN: 9781337607773

Author: Cathy J. Scott

Publisher: Cengage Learning

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Textbook Question

Chapter 10, Problem 4QY

Which of the following is not an advantage of the cash receipts journal?

a. Transactions do not have to be posted on a regular basis.
b. Transactions can be recorded on one line.
c. Transactions involving debits to Cash are recorded in one place.
d. Repetition in posting is eliminated.
e. Special columns can be used for similar transactions.

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Chapter 10 Solutions

Bundle: College Accounting: A Career Approach (with QuickBooks Online), Loose-leaf Version,13th + CengageNOWV2, 1 term (6 months) Printed Access

Ch. 10 - What do credit terms of 2/10, n/30 mean? 210 days...Ch. 10 - What is the entry to record the cash received on a...Ch. 10 - Prob. 3QY Ch. 10 - Which of the following is not an advantage of the...Ch. 10 - Prob. 5QY Ch. 10 - What is the normal balance for each of the...Ch. 10 - What does an X under the total of a special...Ch. 10 - Prob. 3DQ Ch. 10 - In a cash receipts journal, both the Accounts...Ch. 10 - If a cash payments journal is supposed to save...

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