One Difference in the Sales Journal Between the Perpetual and Periodic

question 106

Multiple Choice

One difference in the Sales Journal between the perpetual and periodic systems is

• A)The addition of a sales tax payable column.
• B)The deletion of a sales tax payable column.
• C)The column to record cost of goods sold and inventory amounts sold.
• D)The column to record cost of goods sold and inventory amounts sold and the deletion of a sales tax payable column.
• E)The column to record cost of goods sold and inventory amounts sold and the addition of a sales tax payable column.

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Definitions:

Control Systems

Mechanisms or regulations designed to direct or manage the behavior of machines, processes, or organizations towards desired outcomes.

Ethical Behavior

Conduct that is consistent with principles of moral and professional norms, including honesty, fairness, and integrity.

Ethical Work Environment

A work setting where moral standards guide practices and behaviors, fostering trust and integrity among employees and with clients.

Misrepresentation

A legal cause of action on which an injured party seeks damages. It arises when a salesperson makes erroneous statements or offers false promises regarding a product’s characteristics and capabilities.