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Author Question: List the four most common special journals used in accounting and describe the transactions recorded ... (Read 19 times)

berenicecastro

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on: Jul 5, 2018
List the four most common special journals used in accounting and describe the transactions recorded in eachjournal.

Question 2

Which of the following accounts is increased with debits?
 
  a. assets and liabilities
  b. liabilities and equity
  c. assets and expenses
  d. liabilities and expenses


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memslove

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Purchases journal - for purchases made on accountRevenue journal - for sales made on account
Cash receipts journal - for all cash receipt transactionsCash payment journal - for all cash payment transactions

Answer to Question 2

c


berenicecastro

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

parshano

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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