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:

Unit Sales

The total units of a product that a company sells in a particular period.

Traceable Fixed Expense

A fixed cost that can be directly linked to a specific cost object, such as a product, department, or project.

Unit Sales

The total quantity of units of a product sold in a specific period.

Net Operating Income

The profit generated from a company's core business operations, excluding expenses like interest and taxes.