The Transaction That Would Not Be Recorded in the General

question 20

Multiple Choice

The transaction that would not be recorded in the general journal is

• A)accrued salaries.
• B)sales returns.
• C)depreciation of equipment.
• D)credit purchase of goods for resale.

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Definitions:

Cutting Costs

The process of reducing expenses in order to improve a company's financial performance or maintain its competitiveness.

Offshoring

The practice of relocating business processes or manufacturing to another country to reduce costs or improve efficiency.

Foreign Entities

Organizations or business units that operate outside the country of one's residence or the headquarters of a business.

Career Management

The process where individuals or their employers plan and implement activities and goals for their professional development and career progression.