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Question
policies
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which of the following would not be an appropriate heading for a column in the cash receipts journal?
cash
accounts payable
sales discounts
sales revenue
etextbook and media
A cash receipts journal records all cash inflows for a business. Cash is the core account tracked here, Sales Discounts relate to reduced cash from sales, and Sales Revenue links to cash received from sales. Accounts Payable tracks amounts owed to suppliers, which is associated with cash outflows (cash payments journal), not cash receipts.
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Accounts Payable