Which of the Following Is an Example of a Posttransaction

question 51

Multiple Choice

Which of the following is an example of a posttransaction service offered by retailers?

• A) Information aids
• B) Counseling lessons
• C) Credit availability
• D) Delivery
• E) Layaway

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Definitions:

Salaries Payable

An account that records the amount owed to employees for work performed but not yet paid.

Payroll

The total amount paid to employees for services they provided during a certain period of time.

Accrued Revenues

Revenues earned in one accounting period but not received until a later period.

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.