Which of the Following Journal Entries Is Not Consistent with the Use

question 56

Multiple Choice

Which of the following journal entries is not consistent with the use of a periodic inventory system? A. Purchases
$\quad$ Accounts payable
B. Inventory
$\quad$ Accounts payable
C. Accounts payable
$\quad$ Cash
D. Accounts receivable
$\quad$ Sales revenue

• A) Option A
• B) Option B
• C)Option C
• D)Option D

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Definitions:

Pension Plans

Financial programs that provide income to individuals upon retirement, funded during their working years.

Mental Representations

Internal images or symbols of objects and events that occur in one's mind, forming the basis of thought and memory.

Inductive Logic

A method of reasoning in which conclusions are drawn from a set of observations or data, potentially leading to generalizations.

Experts

Individuals with specialized knowledge or skills in a particular area, often acquired through education, training, or extensive experience.