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What is difference between sales and cash receipts journal

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Reference no: EM133105527

Questions -

Q1. What is the difference between Sales and Cash receipts Journal?

Q2. What is the difference between Periodic and perpetual inventory system? List any 2 companies from internet that follows these types of inventory systems?

Q3. How many types of special journals are there? Explain each of them

Q4. What is cost of goods sold? Is it an asset, expense, liability or revenue in accounting?

Q5. Explain the difference in operations and accounting procedures between merchandising and service companies?

Reference no: EM133105527

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