A Posting from the Sales Journal to the Accounts in the General

question 4

Multiple Choice

A posting from the sales journal to the accounts in the general ledger requires a

• A) debit to Cash and a credit to Sales Revenue.
• B) debit to Sales Revenue and a credit to Inventory.
• C) debit to Accounts Receivable and a credit to Inventory.
• D) debit to Accounts Receivable and a credit to Sales Revenue.

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Definitions:

Prima Facie Unconscionable

A term describing terms or agreements that appear to be shockingly unfair or unjust on the face of it.

Consumer Goods

Items produced for personal or household use, typically not intended for resale or further production.

Commercial Losses

Financial losses experienced by a business entity due to various factors such as theft, damage, or unfavorable business conditions.

Prima Facie Unconscionable

A situation that appears unjust or extremely one-sided in favor of one party over another at first glance.