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:

Catastrophe

A sudden and widespread disaster that significantly disrupts the functioning of a community or society.

Shock Stage

The initial phase in the stress response where the body reacts to a stressor with physiological and psychological symptoms.

Bereavement

The state of loss and grief experienced when a loved one dies, involving a period of mourning and adjustment.

Positive Reappraisal

A cognitive process in which a person focuses on the good in what seems to be a negative situation, helping to manage emotional responses.