Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

the sales journal is used to: record all sales on account and for cash …

Question

the sales journal is used to: record all sales on account and for cash record only sales on account record only cash sales on account record only cash sales

Explanation:

Brief Explanations

In accounting, the Sales Journal is a special - purpose journal. Cash sales are recorded in the Cash Receipts Journal. The Sales Journal is specifically designed to record credit sales (sales on account). It simplifies the recording process by grouping similar transactions (credit sales) together.

Answer:

record only sales on account