Glenda was tasked to sort the source document before recording the transaction in a journal. One of the documents is an example of an official receipt declared for the payment made by her customer. In which file should she put the official receipt?
a.
Cash Receipt Journal
b.
Cash Disbursement Journal
c.
Revenue Journal
d.
Revenue
Answer (1)
She should put the official recipt in A. Cash Receipt Journal.An official receipt is a document issued when a customer makes a payment. Since it serves as proof that cash has been received, it should be recorded in the Cash Receipt Journal.Since Glenda is sorting documents before recording transactions, the official receipt should go in the Cash Receipt Journal because it represents money received from a customer.
