you-just-posted-a-credit-to-accounts-receivable-which-special-journal-did-it-come-from-a-sales-journ

Question

You just posted a credit to Accounts Receivable. Which special journal did it come from?
A. sales journal
B. cash receipts journal
C. purchases journal
D. cash disbursements journal
E. general journal

Puneet Prajapati · Accepted Answer

Okay, so we will understand nights off, but just on a chip. Okay, So we everyone know. Okay, Everyone knows that to how many mediums weekend conduct our apologies off any day. Okay, so out off those who are most popular that oneness. Okay, so one off. Not the most popular, however, most no matter to everyone that this gash basis party storage, like ve vill lame that supported there will be a transaction with Mr A and Mr B. So Mr even supply goods okay, on Mr B will be dollars, $1,000,000 cash injured ALOF words. Okay against the Kurds delivered to Mr B. Okay, this is the catch my sister now in this direction, what happens there are who respects off this under chip. Okay, because off financial transaction will always have who respects or we can see a double effect. So? So the first effect is the moment off cash from Mr B two mystery and second bonus stop that is being moved from Mr A. Mr B. Okay. However, when we come to of a second type of production, that was the most popular one matter. Okay, I did basis replaces what happens in credit basis. However, Mr Able deliver groups. Okay, that is obvious. But what will happen, Mr Beaven say that mystery. I will pay you at a later point in time like within one month. Okay, But then one month, $1000 Good people. Now, in this transaction, there are also due respects because I have said that often. And Children ricin will always have a prolific. So it will be, of course, stark effect because the goods are being moved from his tip. Mr B. No, there is a second respect. Okay, on that set second inspectors prettiness. So craters are the are the persons or the entities which are to be here by the persons who have received goods and services from the craters. So in the Given kids, Mr B has received gentle business from mystery. So he has to pay $1000 with environment. So Mr B will be greater So you can draw Adaline so that you will be. And you would be able to understand that in this case we will be right. So the f I didn t fight that type of accounts we will need. They will be needed to the court The been recording deputies. Okay, so now that matches without Joyce. So I see. Because then recording approaches. They can be medical matters our better, Most important method. Sorry, who Most important methods are cash basis and created basis and the falling type of house we can use. However, in place off straight as we can use accounts people. Okay, so craters and accounts people can be used interchangeably. However, choice is the correct answer, okay?

Puneet Prajapati · Answer

Okay, so we will understand the meaning. Rated save forward by that revealing this dandy. Do you get expects? Okay, so Italy first. Who? The transaction involving movement off goods and services. Oh, where? But the payment will be made That leader or in due time. Okay, so we have return the technical definition that it refers to movement off books. However, we will understand this to an example, so but you can reflect the definition for future different sorts. Okay, so So that is why I usually write the definition first, then example of us now. Alexis Opponent dated mystery always up is this order. And it is Mr is there. Okay, now what happens then? Mr. E Supplies and emergency services. Okay. Glad to support $1000. No. What happens, Mr Say Mr. Z or Mr Sex Sector Mystery that I will be. But then one money. Okay. The payment will not be made immediately, so back becomes the instead. Software did see Okay. Say long pregnant basis. Know what happens to regard that connection? They will be do items, defector. Okay, First of all, Decker&#x27;s no who are the victors because on the what sins From whom the amount of dissident. So as in the current keys, Mr Z Visa Decker for Mr Okay. So you can write on your books. However, I will also make a decision. Okay, so Mr said, Well, we&#x27;re doctor for Mr Okay, because the amount is it recoverable from misters Zach. OK, because he has promised to pay with environment. But after women. Okay. And second, is this a lighter? That is the actual because when Mr Isolde, certain groups of $1000 to Mr Zane. So they will be the revenue which is being generator okay in farmer sale of goods and services to Mr Said. So that is why do accounts will be affected? Must afford necklace thinking What is C? However, that matches with forget. So that matches with our choice e However, council civilian doctors can be used interchangeably, okay, and sale will remain seen. So I see is the correct answer. However, you can write what I have been so far. But Joy sees the correct answer as we have derived. That&#x27;s all

Puneet Prajapati · Answer

selectors understand this solution for the current problem. Okay, so except all of the choices we have accounts receivable. Okay, Most of all, we really find what is a monstrous evil. Then we will move forward. The explanation that how this account will require generally debit and credit and trees okay throughout the country, period or through the financial office computer. Okay, so, guns, receiver buddy, this is our the first tool. This a laundry first to the financial assert against Ridge. The anxiety? Yes. Zane died. Words. Our service is blames. Okay, so we have the pretender traditional definition of a counselor. See, however, we will understand. It proved the example. Okay, let&#x27;s suppose we have X and X company. Sorry. And we have a couple. Okay? No nexus. Suppose what? The ex con bridge is it sold for? Nietzsche went off. Daughter 1500. Okay, I&#x27;m no lingered by making the direction levels. Okay. No. What happens? What very complex is electors. Okay, So a company said that hunky ex in company I do not have difference right now, so I will pay you later after a certain period of time. That&#x27;s attractive is okay. No. What happens the fuck 1500 will be considered will be considered as Gotham City. However, a concert and ordinated name of a country&#x27;s here with this neckers. Okay, it&#x27;s a baby B b O goddess. Okay, so those were what happens. So we can obviously understand that every entity is, you know, commenced with the motive. You on the cover and whenever there will be a motive one, the prophet, it is very, very office that productions off selling. I comes to the customers transactions off purchases, the local or the raw material from the suppliers. These transaction will be very merry. Gentlemen, in a business context, okay? It&#x27;s like a day to be transition that will. That will obviously have to happen to make a profit to the entity. Okay, so that is I the accounts receivable. Auditors will require Jensen the debit and credit countries throughout the accounting. Peter. Okay, so that is why we have the correct choice for problem 39. Okay, Problem 39 is hey, so by that&#x27;s all because the current is even said the tradition off selling off purchasing the goods okay to customers and from suppliers will happen in a dreary on day to day basis. OK, so that is why our correct choice for the Brown 39. That&#x27;s all for the solution. Thank you.

Puneet Prajapati · Answer

Okay, so we are going to understand being meaning financial. Okay, forward by that, we&#x27;ve been in this time there, ho or what is the purpose of recording such financial protection? Okay, in respect of a business entity, it first. Who? The transaction involving exchange off worse and services against money. Okay, so differential. Grandage, is there transaction which bods exchange off goods and services against the cash? Okay, whatever we get. Okay. No, let&#x27;s stick. In example, let&#x27;s suppose there is Mr Always dealing in business off fans nowadays. And most, most of the people use it in business. OK, so let&#x27;s begin with So Mr A is a business owner off fans. Now what happens? They deserve Mr B. So there is so Mr B. Is that customer who? Mr. Now what happens, Mr. Lee? Believers just be friends. Okay, Photocopies $100 each. Okay, so the total value will be $5000. Okay, now Mr B has transport through banking. Jennings How much? $5000. Who missed it? A. Against the received off 50 secs off fans. Ok, now this is a your example. Financial transaction. Okay. So often in Children&#x27;s fiction can also be understood as many financial transaction. Okay. Okay, so that&#x27;s what we have in terms of example. Make understand. What is the meaning? Often until transaction. Okay. No. So we have derived our solution from this example. That financial transaction will be mostly frequently okay, Mostly as the less frequently in case of a business entity. Because in business entity, the owner has to deal with more people, number of suppliers, medical number of customers. You&#x27;re in the business. Okay, so these type of financial transactions will be in numerous will be in huge numbers, Okay. In huge number. So that is why in that guest such financial transaction, Well, we will also be referred to us ordinary financial damages okay? Or letting religion entry. Okay, so for the current portion that that matches with choice, See? Okay, The ordinary transaction entry so in a content will be employed in the business entity. Okay. Bye. Mr E. Who regard such financial connections? Okay, so that will be and all of those transactions will be there for us or any directions. Okay, that&#x27;s all for dissolution and choices. Choice E is the correct

Puneet Prajapati · Answer

Okay, So letters understand the medium&#x27;s through which beacon a quiet or initiate the jays tradition, you know, business. And okay, so everyone knows. And most of us knows that there are only two mediums through which we can purchase or acquired any lipo from a TV and 56. Okay, so first is cash business, okay. And 2nd 1 is credit business. So Engadget bases what happens? That&#x27;s a supposed is this and that Offer goods and be departure. So a very transport or delivered Ingles. Okay. And be with make deep in it. Okay, let&#x27;s suppose $100. So this is that this is the trial of change, which will involve transfer of goods against depend away, but in case so credit basis transaction. What happens? Evil Deliver the goods. OK, that is very obvious, because otherwise transaction will not be considered to be happened. But be Bill be who? Mr A at a little boy. Let is opposed treatments. Okay. It means the purchase has been made on credit. Okay, now what happens? There is a system which being know as the Arctic your dick invented system. Okay, now what happens in this case if we purchase any item, or we can say any under D applying this this typical mattered if Jesus, Any item, Then it&#x27;s Children Car, the journal entry in the falling minute leg. First of all, it really Deborah deeper cheeses, but Jesus, let&#x27;s see, actually singular. So purchase account debit. Who Cash? Who gets it by there. So let&#x27;s suppose then you meet Is purchasing di item in cash? Okay, so entity is being the supplier in cash phone who punches. So purchase is to denote the items are raw material that has been purchased from the supplier. Okay. And cash has been done to denote that cash cash is being paid open cheese a property so we can understand that they deserve the full effect off the production. Right? Didn&#x27;t like this. The full effect. Oh, every fine and shipped on it. Okay, so we have I didn&#x27;t defied that. What are the accounts? That will be effective, you know, in games off entity, applying periodic in rental system. So that is so that matches with Joyce. Okay. Okay, that this cash and purchase Okay, So we will write. Have a choice. So I say is the correct answer. However, you can drive down angry. So okay, who get a better future difference? I have a choice is the correct answer.

Problem

You just posted a credit to Sales and a debit to …

Problem 24 Easy Difficulty

You just posted a credit to Accounts Receivable. Which special journal did it come from?
A. sales journal
B. cash receipts journal
C. purchases journal
D. cash disbursements journal
E. general journal

Answer

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Principles of Accounting Volume 1: Financial Accounting

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Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon CooperPrinciples of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting