Which Transaction Is Normally Recorded in a Special Journal

question 193

Multiple Choice

Which transaction is normally recorded in a special journal?

• A) sales returns
• B) depreciation expense
• C) purchases on account
• D) credit from supplier for return of supplies purchased on account

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Definitions:

Price Increase

The rise in the cost of goods or services in the market.

Labor Needed

The quantity and type of workforce required to produce a certain level of output or to perform specific tasks.

Complementary Input

Goods or services that enhance the value or efficiency of another product or service when used together.

Demand Curve

A graph that shows the relationship between the price of a product and the quantity of the product demanded.