Which of the Following Is Not Considered a Book of Original

question 6

Multiple Choice

Which of the following is not considered a book of original entry?

• A) General journal
• B) General ledger
• C) Sales journal
• D) Purchases journal

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Definitions:

Price Discrimination

Charging different prices to different consumers for the same product or service, without a basis on different costs.

Mergers

The combination of two or more companies into one, where one corporation is completely absorbed by another corporation.

Sherman Act

A federal statute that prohibits monopolistic business practices and promotes competition.

Injunctions

are judicial orders that restrain a person from beginning or continuing an action threatening or invading the legal right of another, or that compel a person to carry out a certain act, like repairing a nuisance.