A journal in which all sales made on credit or cash are listed is:
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A. B. C. D.B
The correct answer to the question is B. Accounts receivable journal.
An accounts receivable journal is a specialized journal used to record all sales made on credit or cash. It is commonly used by businesses to keep track of transactions related to their accounts receivable, which represent the amounts owed to them by customers who have purchased goods or services on credit.
Here's a detailed explanation of the options provided:
A. Disbursement journal: A disbursement journal is used to record payments made by a business for various expenses such as salaries, utilities, rent, and other operating costs. It is not directly related to sales transactions and does not capture sales made on credit or cash.
B. Accounts receivable journal: This is the correct answer. An accounts receivable journal is specifically designed to record sales made on credit or cash. It typically includes columns to record relevant information such as the date of the sale, the customer's name or account number, the amount of the sale, and any additional details necessary for proper record-keeping.
C. Accounts payable journal: An accounts payable journal is used to record purchases made on credit by a business. It tracks the amounts owed to suppliers and other vendors for goods or services received. It is not directly related to sales transactions and does not capture cash sales.
D. General journal: A general journal is a catch-all journal that is used to record various types of transactions that do not have their own specialized journals. It is typically used for infrequent or non-routine transactions. While it can be used to record sales transactions, it does not specifically focus on sales made on credit or cash like an accounts receivable journal.
In summary, the correct journal for recording all sales made on credit or cash is the accounts receivable journal (Option B).