Which of the Following Statements Is Correct

question 65

Multiple Choice

Which of the following statements is correct?

• A) The sales journal is used for recording both cash sales and credit sales.
• B) Since the sales journal is used for a single purpose,there is no need to enter any descriptions.
• C) To provide an adequate audit trail,sales on credit should be recorded in both the sales journal and the general journal.
• D) The complete information for each sale of merchandise on credit can be recorded on one line of the general journal.

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Definitions:

Great Steel Strike

A major labor strike in 1919 involving steelworkers across the United States, seeking better working conditions, wages, and the right to unionize.

Niagara Movement

An early 20th-century African American civil rights organization founded in 1905, which aimed to fight racial segregation and promote civil liberties and political rights.

Panama Canal

An artificial 50-mile waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean, facilitating international maritime trade.