When You Post a Sales Journal Transaction Directly from the Daily

question 32

Multiple Choice

When you post a sales journal transaction directly from the daily business manager recurring entries list -

• A)you should choose to review or display the journal entry before posting
• B)you should post the transactions one at a time so you can review them before posting
• C)the program confirms the number of transactions that were posted correctly
• D)you cannot post sales from the business manager because you must first add the correct invoice number

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Definitions:

Equilibrium Price

The price at which the supply of an item matches its demand, ensuring that the market is in balance.

Excess Supply

A situation where the quantity of a good or service supplied surpasses the quantity demanded at a specific price.

Excess Demand

Excess demand occurs when the quantity demanded of a product or service at a given price exceeds the quantity supplied, often leading to a shortage.

Income

The money received, especially on a regular basis, for work or through investments.