Which One of the Following General Statements Is Correct -

question 13

Multiple Choice

Which one of the following general statements is correct -

• A) a sales discount is recorded as a negative amount in the receipts journal
• B) a sale return is recorded as a negative amount in the sales journal
• C) cash sales are recorded as other receipts in the receipts journal
• D) a and b above are correct

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Definitions:

Fulfillment Needs

Psychological or physical requirements essential for a person's well-being and satisfaction, often relating to Maslow's hierarchy.

Nature of Work

The inherent characteristics, requirements, and expectations associated with a specific job or task.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow in 1943, which outlines a five-tier model of human needs, arranged in a hierarchy.

First Level

The initial or elementary stage in a series or categorization system.