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Commerce · Q80

Accounting

Graduate and Post Graduate · Commerce · question 80

Q80

Cash received from debtor is recorded in which of the following specialized journals?

A.
Purchase Journal
B.
Sales Journal
C.
Cash receipts journal
Answer
D.
Cash payments journal

Answer: Option C

Solution

Answer: Option C
Solution:
Cash received from debtor is recorded in Cash receipts journal. The cash receipts journal is a special journal used to record cash received by a business.