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Which of the following accounts is NOT used to account for merchandise sales transactions? (Points : 3) Sales Sales Tax Payable Sales Returns and Allowances Accounts Payable
Question
Asked 4/5/2014 1:51:12 PM
Updated 6/10/2014 7:25:32 AM
1 Answer/Comment
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Flagged by debnjerry [6/10/2014 7:25:32 AM]
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User: Which of the following accounts is NOT used to account for merchandise sales transactions? (Points : 3) Sales Sales Tax Payable Sales Returns and Allowances Accounts Payable

Weegy: Sales Returns.
Danaablare|Points 35|

Question
Asked 4/5/2014 1:51:12 PM
Updated 6/10/2014 7:25:32 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry [6/10/2014 7:25:32 AM]
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Accounts payable is NOT used to account for merchandise sales transactions.


Added 6/9/2014 7:15:50 PM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [6/10/2014 7:25:33 AM], Rated good by debnjerry
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Questions asked by the same visitor
A discount offered as an inducement for prompt payment of an invoice is called a(n) (Points : 3) trade discount. invoice discount. early discount cash discount.
Weegy: A discount offered as an inducement for prompt payment of an invoice is called a: cash discount. (More)
Question
Updated 4/5/2014 2:23:10 PM
0 Answers/Comments
A record used to keep the amount owed to each supplier is called a(n) (Points : 3) accounts receivable ledger. accounts payable ledger. transportation ledger. general ledger for accounts payable.
Weegy: A record used to keep the amount owed to each supplier is called an accounts receivable ledger. (More)
Question
Updated 10/17/2015 2:43:28 AM
1 Answer/Comment
A record used to keep the amount owed to each supplier is called an accounts payable ledger.
Added 10/17/2015 2:43:28 AM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [10/17/2015 5:18:06 AM]
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