Asked by
Gullu gullu
on Dec 16, 2024Verified
Which of the following transactions is recorded in the revenue journal?
A) sale of excess office equipment for cash
B) rendering services for cash
C) rendering services on account
D) sale of excess office equipment on account
Revenue Journal
An accounting journal used to record the company's revenue transactions systematically.
Office Equipment
Fixed assets intended for use over a long period of time for the purpose of performing office-related tasks.
Services Rendered
Work or services provided by a business or individual, typically in exchange for payment.
- Discern and arrange transactions within the proper journals.
- Identify the correct way to record transactions related to purchases and sales.
Verified Answer
KF
Learning Objectives
- Discern and arrange transactions within the proper journals.
- Identify the correct way to record transactions related to purchases and sales.