FUND.ACCT.PRIN.-CONNECT ACCESS
FUND.ACCT.PRIN.-CONNECT ACCESS
25th Edition
ISBN: 9781260780185
Author: Wild
Publisher: MCG
Question
Book Icon
Chapter 7, Problem 7QS
To determine

Concept Introduction:

Journals:

Journals are prepared to record business transactions. There are two types of journals:

  1. Special Journals:

    Special journals record the recurring business tractions like sales, purchase, cash receipts and payments. Some special journals are as follows:

    • Sales journal
    • Sales Return Journal
    • Purchase journal
    • Purchase return journal
    • Cash receipts journal
    • Cash payment journal
  2. General Journal:

    All the business transactions which do not belong to special journals are recorded using General journal.

To prepare:

The Cash Receipts Journal and journal entries for the Cash received recorded in the Cash Receipts Journal

Blurred answer
Students have asked these similar questions
Need help with this question solution general accounting
Provide correct answer accounting question
I need accounting question answer

Chapter 7 Solutions

FUND.ACCT.PRIN.-CONNECT ACCESS

Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education