Which Accounts in the General Ledger Are Affected When the Monthly

question 37

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 Revenue
• C) Accounts Receivable; Sales Revenue
• D) Accounts Receivable; Accounts Payable

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Definitions:

Profit-maximizing Output

The point of production where a company reaches its maximum profit potential.

Total Revenue

The overall amount of money generated by a firm from selling its goods or services.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.

Lawn-mowing

The act of cutting grass to a uniform length, often done as routine maintenance for residential and commercial landscapes.