Which Accounts in the General Ledger Are Affected When the Monthly

question 6

Multiple Choice

Which accounts in the general ledger are affected when the monthly posting is made from the sales journal?

• A)Accounts Receivable; accounts receivable subsidiary accounts
• B)Accounts receivable subsidiary accounts; Sales
• C)Accounts Receivable; Sales
• D)Accounts Receivable; Merchandise Inventory

---

Definitions:

Holding-Period Return

The total return received from holding an asset or portfolio of assets over a specified period, including interest, dividends, and capital gains.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Holding-Period Return

The total return received from holding an asset or portfolio over a period of time, considering all sources of income and capital gains.

Capital Gains Yield

The price appreciation component of the total return on an investment, calculated as the rise in the investment's price divided by its initial price.