Which of the Following Statements Is Not Correct

question 5

Multiple Choice

Which of the following statements is not correct?

• A) Postings to the accounts receivable subsidiary ledger are usually made once a month on the last day of the month.
• B) Before any posting to the subsidiary ledger takes place,the equality of the debits and credits recorded in the sales journal are proved by comparing the column totals.
• C) Before any posting to the general ledger takes place,the equality of the debits and credits recorded in the sales journal are proved by comparing the column totals.
• D) When special journals are used,postings to the accounts receivable account in the general ledger are usually made once a month on the last day of the month.

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Definitions:

Mainstream Economic Perspective

Refers to the dominant school of thought in economics that emphasizes rational choice, market equilibrium, and the beneficial role of free markets in allocating resources efficiently.

Voice

A term in industrial relations referring to the ability of employees to express their opinions, grievances, or suggestions, either individually or collectively, within the workplace.

Mainstream Economics

The most widely accepted and practiced theories and models in economics, focusing on market equilibrium, the rational behavior of economic agents, and the efficiency of markets.

Competition Exists

A state where multiple entities offer similar goods or services in the marketplace, striving to achieve greater customer satisfaction and market share.