In a Periodic Inventory System, What Kind of Entry Is

question 12

Multiple Choice

In a periodic inventory system, what kind of entry is necessary to record the cost of sales?

• A)A closing entry
• B)A reversing entry
• C)An adjusting entry
• D)A transactional entry

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Definitions:

Cultural Context

The environment of social behaviors, beliefs, practices, and norms that influence the interpretation and behavior of individuals within a specific culture.

Eccentric

A person who deviates from conventional behavior or patterns in an odd or whimsical manner.

Cultural Products

The products of a culture such as song lyrics, TV shows, advertisements, and books useful for studying culture at a broad level.

Avoidant

A term used to describe individuals who tend to withdraw or avoid situations, conflicts, or interpersonal connections due to fear of rejection or discomfort.