FUND.ACCT.PRIN.(LOOSELEAF)-W/ACCESS
24th Edition
ISBN: 9781260260724
Author: Wild
Publisher: MCG
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Chapter F, Problem 7QS
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 Prepare:
The
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Chapter F Solutions
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