The Sales Journal Would Have Columns for a

question 82

Multiple Choice

The sales journal would have columns for a

• A)Debit to sales, a credit to accounts receivable
• B)Debit to cash, a debit to accounts receivable, and a credit to sales
• C)Debit to accounts receivable and a credit to cost of goods
• D)Debit to accounts receivable and a credit to sales

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Definitions:

Annual Return

The percentage change in an investment's value over a year, including dividends and appreciation.

Investment

Assets purchased with the expectation that they will generate income in the future or appreciate in value.

Semiannually

Occurring twice a year, typically every six months.

Annual Return

This measures the financial gain or loss of an investment over a one-year period, expressed as a percentage of the investment's initial cost.