Journals: Journals are prepared to record business transactions. There are two types of journals: 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 General Journal: All the business transactions which do not belong to special journals are recorded using General journal. To Indicate: The appropriate item or phrase for the given description

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter E, Problem 1QS

To determine

Concept Introduction:

Journals:

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

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

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

To Indicate:

The appropriate item or phrase for the given description

Expert Solution & Answer

Answer to Problem 1QS

The appropriate item or phrase for the given description is as follows:

Description	Term
1	D
2	E
3	A
4	C

Explanation of Solution

The appropriate item or phrase for the given description is explained as follows:

Description	Term
1	D	Company Sustainability aspect is the set of environmental, social and governance aspects of the company
2	E	SASB Conceptual framework is a structure to help guide development of sustainability standards
3	A	SASB is the entity that creates and publishes sustainability accounting standards
4	C	Social aspect is the aspect of company sustainability involved with donation to hospital, colleges and Community programs,

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Get correct answer this general accounting question

correct answer please

Hi experts please answer the financial accounting question

Answer 2

Question

Chapter E, Problem 1QS

To determine

Concept Introduction:

Journals:

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

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

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

To Indicate:

The appropriate item or phrase for the given description

Expert Solution & Answer

Answer to Problem 1QS

The appropriate item or phrase for the given description is as follows:

Description	Term
1	D
2	E
3	A
4	C

Explanation of Solution

The appropriate item or phrase for the given description is explained as follows:

Description	Term
1	D	Company Sustainability aspect is the set of environmental, social and governance aspects of the company
2	E	SASB Conceptual framework is a structure to help guide development of sustainability standards
3	A	SASB is the entity that creates and publishes sustainability accounting standards
4	C	Social aspect is the aspect of company sustainability involved with donation to hospital, colleges and Community programs,

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter E, Problem 1QS

To determine

Concept Introduction:

Journals:

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

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

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

To Indicate:

The appropriate item or phrase for the given description

Expert Solution & Answer

Answer to Problem 1QS

The appropriate item or phrase for the given description is as follows:

Description	Term
1	D
2	E
3	A
4	C

Explanation of Solution

The appropriate item or phrase for the given description is explained as follows:

Description	Term
1	D	Company Sustainability aspect is the set of environmental, social and governance aspects of the company
2	E	SASB Conceptual framework is a structure to help guide development of sustainability standards
3	A	SASB is the entity that creates and publishes sustainability accounting standards
4	C	Social aspect is the aspect of company sustainability involved with donation to hospital, colleges and Community programs,

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter E, Problem 1QS

To determine

Concept Introduction:

Journals:

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

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

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

To Indicate:

The appropriate item or phrase for the given description

Expert Solution & Answer

Answer to Problem 1QS

The appropriate item or phrase for the given description is as follows:

Description	Term
1	D
2	E
3	A
4	C

Explanation of Solution

The appropriate item or phrase for the given description is explained as follows:

Description	Term
1	D	Company Sustainability aspect is the set of environmental, social and governance aspects of the company
2	E	SASB Conceptual framework is a structure to help guide development of sustainability standards
3	A	SASB is the entity that creates and publishes sustainability accounting standards
4	C	Social aspect is the aspect of company sustainability involved with donation to hospital, colleges and Community programs,

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter E, Problem 1QS

To determine

Concept Introduction:

Journals:

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

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

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

To Indicate:

The appropriate item or phrase for the given description

Expert Solution & Answer

Answer to Problem 1QS

The appropriate item or phrase for the given description is as follows:

Description	Term
1	D
2	E
3	A
4	C

Explanation of Solution

The appropriate item or phrase for the given description is explained as follows:

Description	Term
1	D	Company Sustainability aspect is the set of environmental, social and governance aspects of the company
2	E	SASB Conceptual framework is a structure to help guide development of sustainability standards
3	A	SASB is the entity that creates and publishes sustainability accounting standards
4	C	Social aspect is the aspect of company sustainability involved with donation to hospital, colleges and Community programs,

Answer 6

Chapter E, Problem 1QS

To determine

Concept Introduction:

Journals:

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

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

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

To Indicate:

The appropriate item or phrase for the given description

Expert Solution & Answer

Answer to Problem 1QS

The appropriate item or phrase for the given description is as follows:

Description	Term
1	D
2	E
3	A
4	C

Explanation of Solution

The appropriate item or phrase for the given description is explained as follows:

Description	Term
1	D	Company Sustainability aspect is the set of environmental, social and governance aspects of the company
2	E	SASB Conceptual framework is a structure to help guide development of sustainability standards
3	A	SASB is the entity that creates and publishes sustainability accounting standards
4	C	Social aspect is the aspect of company sustainability involved with donation to hospital, colleges and Community programs,

Answer 7

Chapter E, Problem 1QS

To determine

Concept Introduction:

Journals:

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

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

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

To Indicate:

The appropriate item or phrase for the given description

Answer 8

Expert Solution & Answer

Answer to Problem 1QS

The appropriate item or phrase for the given description is as follows:

Description	Term
1	D
2	E
3	A
4	C

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The appropriate item or phrase for the given description is explained as follows:

Description	Term
1	D	Company Sustainability aspect is the set of environmental, social and governance aspects of the company
2	E	SASB Conceptual framework is a structure to help guide development of sustainability standards
3	A	SASB is the entity that creates and publishes sustainability accounting standards
4	C	Social aspect is the aspect of company sustainability involved with donation to hospital, colleges and Community programs,

Answer 12

Ch. E - Prob. 1QS

Videos

Answer to Problem 1QS

Explanation of Solution

Want to see more full solutions like this?

Chapter E Solutions