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Commerce · Q76

Accounting

Graduate and Post Graduate · Commerce · question 76

Q76

Sales on credit is recorded in which of the following journal?

A.
Purchase journal
B.
Sales journal
Answer
C.
Purchase return journal
D.
Sales return journal

Answer: Option B

Solution

Answer: Option B
Solution:
The sales journal is used to record all of the company sales on credit. Most often these sales are made up of inventory sales or other merchandise sales.
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