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Which transactions would not be recorded in the cash receipt

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Reference no: EM132775553

Problem 1: Details of amounts owed by individual debtors are found in the:

1 accounts payable subsidiary ledger.
2 accounts payable control account.
3 accounts receivable subsidiary ledger.
4 general ledger.

Problem 2: Which of the following transactions would not be recorded in the cash receipts journal?

1 Cash refund to a customer for goods returned by them.
2 Goods sold for cash.
3 Second hand furniture sold for cash.
4 Borrowings received from the bank.

Reference no: EM132775553

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