Asked by Jessica Hegyi on May 19, 2024

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The Other Accounts column of a multi-column journal is often referred to as the

A) Sundry Accounts column.
B) Controlling Account column.
C) Credit Account column.
D) Debit Account column.

Multi-Column Journal

An accounting journal that contains multiple columns for recording financial transactions in a systematic way.

Other Accounts

A general referential term for various accounts in the financial statements not explicitly categorized under main headings.

  • Show how to record transactions from journals into the relevant ledgers.
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CT
Cameron TillyMay 20, 2024
Final Answer :
A
Explanation :
The Other Accounts column is typically used to record transactions involving various accounts that do not fit into the other columns of the journal. These may include miscellaneous expenses, revenue from sources other than sales, or one-time transactions that do not occur frequently enough to justify their own column. Because the accounts recorded in this column can vary widely, it is often referred to as the Sundry Accounts column.