Asked by neeranjali kallydeen on May 19, 2024

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The "Other Accounts" column in a cash receipts journal is also referred to as the

A) miscellaneous column.
B) excess column.
C) sundry accounts column.
D) compound-entry column.

Other Accounts Column

A section in accounting ledger books or financial statements designed to capture data that does not fit into the standard accounts categories.

Sundry Accounts Column

A column in financial records used for recording miscellaneous transactions that are not frequent or significant enough to warrant their own dedicated account.

  • Comprehend the importance of the "Other Accounts" column within cash journals.
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ML
Mikara LutchmanaMay 25, 2024
Final Answer :
C
Explanation :
The "Other Accounts" column in a cash receipts journal is referred to as the "sundry accounts column." This column is used for transactions that do not fit into the more common categories and involve various other accounts.