What Is the Reason for NOT Using the Journal Entry

question 3

Multiple Choice

What is the reason for NOT using the Journal Entry or Bank Deposit pages for recording sales?

• A)The sales account shows income from the Accounts Payable account.
• B)Bank deposits only reflect income from Accounts Receivable.
• C)Best practice is to record sales as a Transfer entry.
• D)A bank deposit or journal entry will not appear on sales reports.
• E)None of these.

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Definitions:

User Content

Digital content, such as text, videos, and photos, that is created and shared by users on online platforms and not by the content hosts or providers.

Earned

Refers to media exposure or publicity gained through promotional efforts other than paid advertising, such as word-of-mouth.

Word-of-Mouth Communication

The process by which people share information or opinions about products or services in everyday conversations, both online and offline.

Brand Equity

The value and strength of a brand in the marketplace, derived from consumer perceptions, recognition, and loyalty.