Which of the Following Statements Is True About Inventory Sales

question 14

Multiple Choice

Which of the following statements is true about inventory sales journal entries -

• A) the revenue account number can be edited
• B) a negative quantity must be entered for a sales return
• C) displaying the entry before making changes is a good idea
• D) all of the above

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Definitions:

Planned Change

A deliberate effort to improve an organization's effectiveness or efficiency through modifications in processes, policies, or technologies.

Emergent Change

Unplanned and spontaneous changes that arise from within the organization, often in response to unforeseen challenges or opportunities.

Cultural Change

The transformation of the cultural structure and practices of a society or organization over time.

Organizational Efficiency

The ability of an organization to achieve its goals with minimal waste of resources, including time, money, and labor.