Question

A query that extracts, for a given time period, all purchases for which there is no corresponding disburse cash event will yield.

A. A cash account ledger.
B. A credit sales journal.
C. An accounts receivable ledger.
D. An accounts payable journal.

Answer 1

The transactions with no corresponding disburse cash event, for a given time period, would be found in the accounts payable journal. This is where credit purchases are recorded, and they remain until a payment is made.

Step-by-step explanation:

A query that extracts all purchases for which there is no corresponding disburse cash event for a given time period would typically be a way to identify transactions that are made on credit. Such transactions are recorded in an accounts payable journal.

This journal is used to track amounts owed by a company to its creditors for goods and services purchased on credit terms. When a cash disbursement is made to settle these payables, the transaction moves from accounts payable to the cash ledger. If there is no corresponding cash disbursement, it means the transaction remains in the accounts payable journal until the payment is made.