Summary Posting from the Sales Journal Normally Would Be Completed

question 31

Multiple Choice

Summary posting from the sales journal normally would be completed in which of the following orders?

• A) Accounts Receivable, Sales, and Sales Tax Payable columns
• B) Sales Tax Payable, Sales, and Accounts Receivable columns
• C) Sales, Sales Tax Payable, and Accounts Receivable columns
• D) Accounts Receivable, Sales Tax Payable, and Sales columns

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Definitions:

Egocentrism

A cognitive trait where an individual is unable to differentiate between their own perspective and that of others, often observed in children.

Abstract Thought

Abstract thought is the ability to think about objects, principles, and ideas that are not physically present, involving complex processes such as problem-solving and theorizing.

Centration

A cognitive limitation in early childhood, where a child focuses only on one aspect of a situation and ignores other relevant aspects.

Animism

The belief that objects, places, and creatures all possess a distinct spiritual essence or soul.