Question

Which of the following is not one of the credit columns in the cash receipts journal?

1) accounts payable
2) accounts receivable
3) sales revenue
4) other accounts

Answer 1

Accounts payable is not one of the credit columns in the cash receipts journal.

Step-by-step explanation:

The cash receipts journal is a record of all the cash received by a business. It is used to track the inflow of cash and to categorize the transactions. The credit columns in the cash receipts journal typically include accounts receivable, sales revenue, and other accounts. Therefore, the answer to the question is option 1) accounts payable, as it is not one of the credit columns in the cash receipts journal.