Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)
6th Edition
ISBN: 9780134486840
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Question
Chapter B, Problem 3QC
To determine
General Journal: It is a book where all the monetary transactions are recorded in the form of
Special Journal: It is a book where only specific type of monetary transactions such as cash receipts, cash payments, credit sales, and credit purchases are recorded.
To identify: Which is not belongs to special journal.
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Students have asked these similar questions
Which of the following forms cannot be customized?
Select one:
A. Estimate
B. Sales Receipt
C. Credit memo
D. Invoice
MULTIPLE CHOICE
1. The entries in a purchases journal are posted to which of the following subsidiary ledger?
A. Accounts Receivable
B. Sales
C. Purchases
D. Accounts payable
2. The accounts payable ledger has posting from which of the following sets of journal?
A. Purchases, cash payments and general
B. Purchases, cash receipts and general
C. Purchases and sales
D. Cash payments and sales
In which journal is the receipt of a promissory note from a customer on account recorded ?
a. revenue journal
b. cash receipts journal
c. general journal
d. purchases journal
Chapter B Solutions
Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)
Ch. B - Prob. 1QCCh. B - Prob. 2QCCh. B - Prob. 3QCCh. B - Prob. 4QCCh. B - Prob. 5QCCh. B - Centex Sound Systems purchased merchandise...Ch. B - Every transaction recorded in the cash payments...Ch. B - Prob. 8QCCh. B - Prob. 9QCCh. B - What is an accounting information system (AIS)?
Ch. B - Prob. 2RQCh. B - Explain the three basic components of an...Ch. B - Prob. 4RQCh. B - What is the purpose of a subsidiary ledger?Ch. B - Prob. 6RQCh. B - List the four special journals often used in a...Ch. B - Explain the posting process of the sales journal.Ch. B - Provide some examples of transactions that would...Ch. B - Explain the posting process of the cash payments...Ch. B - When is the general journal used in a manual...Ch. B - Prob. 14RQCh. B - Prob. 15RQCh. B - Prob. 16RQCh. B - How would a business record a sale of services on...Ch. B - Prob. 18RQCh. B - Evaluating features of an effective accounting...Ch. B - Prob. B.2SECh. B - Identifying special journals Use the following...Ch. B - Prob. B.4SECh. B - Prob. B.6SECh. B - Prob. B.8SECh. B - Prob. B.9SECh. B - Prob. B.10SECh. B - Prob. B.11SECh. B - Prob. B.12SECh. B - Prob. B.13SECh. B - Prob. B.14ECh. B - Prob. B.15ECh. B - Prob. B.16ECh. B - Prob. B.17ECh. B - Prob. B.18ECh. B - Prob. B.19ECh. B - Prob. B.20ECh. B - Prob. B.21ECh. B - Prob. B.22ECh. B - Prob. B.23ECh. B - Prob. B.24APCh. B - PC-25A Using the purchases, cash payments, and...Ch. B - Prob. B.26APCh. B - Prob. B.27BPCh. B - PB-28B Using the purchases, cash payments, and...Ch. B - Prob. B.29BPCh. B - Prob. B.30PCCh. B - Prob. B.31PSCh. B - Prob. B.1CPCh. B - Prob. B.1TICh. B - Prob. B.1DCCh. B - Didrikson Rubin, the auditor of Red Barn Farm...Ch. B - Communication Activity C-1 In 150 words or fewer,...
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Similar questions
- A journal entry that requires a debit to Accounts Receivable and a credit to Sales goes in which special journal?arrow_forwardCan a sales journal be used to record sales on account and a cash sale? Why or why not?arrow_forwardShould the purchases journal have a column that is a debit to Accounts Payable?arrow_forward
- Which of the following is an example of a contra revenue account? A. sales B. merchandise inventory C. sales discounts D. accounts payablearrow_forwardWhich of the following is an agent in a purchases and payments structure model? Question 6Answer a. Cash disbursement b. Inventory c. Employee labour d. Supplier e. Receipt of goodsarrow_forwardWhich of the following is NOT a financial transaction? a. purchase of products b. cash receipts c. update valid vendor file d. sale of inventoryarrow_forward
- Which of the following is most likely to be a general ledger control account? Select one: O a. Prepaid Rent O b. Petty Cash O c. Owners Equity O d. Sundry Debtorsarrow_forwardWhich of the following is an example of a contra revenue account?A. salesB. merchandise inventoryC. sales discountsD. accounts payablearrow_forward18-Which of the following is an example of Source document? a. Sales Ledger b. Invoice c. Assets Ledger d. Purchase ledgerarrow_forward
- Question 4 Explain briefly on the following: i) Sales Journal ii) Purchase journal iii) Cash receipts Journal iv) Cash payment Journal and iv) general Journalarrow_forwardWhich of the following documents will only be used for internal purposes? O Deposit Slip Bill of Lading Purchase Order Purchase Requisition A voucher is prepared before what transaction? Paying O Ordering Receiving O Requestingarrow_forwardIdentify the special journal(s) in which the following column headings appear. Column Headings Special Journals a. Accounts Payable Dr. Purchases JournalCash Receipts Journal and Cash Payments Journal and Sales JournalCash Receipts JournalGeneral JournalCash Payments JournalCash Payments Journal and Sales JournalCash Receipts Journal and Purchases JournalSales Journal b. Cash Cr. Sales JournalCash Payments JournalCash Receipts Journal and Purchases JournalCash Receipts Journal and Cash Payments Journal and Sales JournalPurchases JournalGeneral JournalCash Receipts JournalCash Payments Journal and Sales Journal c. Inventory Cr. Cash Receipts Journal and Cash Payments Journal and Sales JournalGeneral JournalCash Receipts Journal and Purchases JournalPurchases JournalCash Receipts…arrow_forward
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