The General Ledger Accounts Used When Posting the Sales Journal

question 10

Multiple Choice

The general ledger accounts used when posting the sales journal are:

• A)cash, sales revenue, accounts receivable, and inventory.
• B)sales returns and allowances, sales revenue, accounts receivable, and cost of goods sold.
• C)sales revenue, cost of goods sold, inventory, and accounts receivable.
• D)sales discounts, sales returns and allowances, sales revenue, and accounts receivable.

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Definitions:

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.

Opinion Reasonable

A viewpoint that is supported by logic and evidence, making it sound and acceptable.