When Posting the Sales Journal's Activity at the End of the Month,its

question 21

Multiple Choice

When posting the sales journal's activity at the end of the month,its totals are:

• A)Debited to Sales and credited to Accounts Receivable.
• B)Debited to Accounts Receivable and credited to Cash.
• C)Debited to Cash and credited to Accounts Receivable.
• D)Debited to Accounts Receivable and credited to Sales.
• E)Debited to Cash and credited to Sales.

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Definitions:

Impact

The effect or influence of one factor on another or on the outcome of a situation.

Multiechelon Supply Chain

A complex supply chain system that involves multiple levels of suppliers, warehouses, production facilities, and distribution centers.

Aggregation

The process of combining multiple items or data points into a single group for simplicity or analysis.

Inventory Upstream

Inventory located earlier in the supply chain, typically held by suppliers or manufacturers before it moves down the chain to distributors or retailers.