The General Ledger Accounts Used When Posting the Sales Journal

question 3

Multiple Choice

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

• A)sales returns and allowances, sales revenue, accounts receivable, and cost of sales.
• B)purchases, sales returns and allowances, sales revenue, accounts receivable and GST clearing account.
• C)cash, sales revenue, accounts payable and inventory.
• D)sales revenue, cost of sales, inventory, accounts receivable and GST clearing account.

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Definitions:

Arousal

A state of physiological and psychological activation or alertness, which can be triggered by stimuli that are perceived as exciting or challenging.

Parasympathetic

Refers to the part of the autonomic nervous system responsible for relaxation, conservation of energy, and slowing down bodily functions.

Sympathetic

Pertaining to the sympathetic nervous system, part of the autonomic nervous system responsible for activating the body's fight-or-flight response.

Somatic

Relating to or affecting the body, distinct from the mind or emotions.