A single-column purchases journal indicates that
A. only purchases of merchandise on account can be recorded.
B. all purchases of merchandise can be recorded.
C. all acquisitions on account can be recorded.
D. another column must be added so that debits and credits can be recordeD.
Answer:A
A single-column purchases journal indicates that
A. only purchases of merchandise on account can be recorded. B. all purchases of merchandise can be recorded. C. all acquisitions on account can be recorded. D. another column must be added so that debits and credits can be recordeD.