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

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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,

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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,

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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,

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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,

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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

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Answer to Problem 1QS

Explanation of Solution

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