Journalizing in a Sales Journal Will Not

question 132

Multiple Choice

Journalizing in a sales journal will not

• A) require a debit to Accounts Receivable.
• B) show a sales invoice number.
• C) affect the reference column of the journal.
• D) include a credit to the Sales Revenue account.

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Definitions:

Dram Shop Statutes

Laws that hold alcohol-serving establishments liable for serving alcohol to visibly intoxicated persons or minors who subsequently cause harm.

Emergency Services

Public or private organizations that provide assistance and protect the public during emergencies, such as fire, medical, and law enforcement services.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in unintended harm to another party.

Tort Law

A section of law that deals with civil wrongs, providing remedies for individuals harmed by the wrongful actions of others.