Which of the Following Correctly Describes the Effect of a Journal

question 54

Multiple Choice

Which of the following correctly describes the effect of a journal entry involving the recording of a sales return?

• A)Gross profit is not affected.
• B)Net sales increases.
• C)Current assets remain the same.
• D)Operating income decreases.

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Definitions:

Best Manager

A term describing an exemplary leader who achieves organizational goals while fostering a positive and productive work environment for their team.

Personal Growth

The process of improving oneself through activities that enhance self-awareness, develop talents, and potential.

Responsibility

The condition or reality of being obligated to manage something or to have authority over an individual.

Decision Making

Decision Making is the cognitive process of selecting a course of action among multiple alternatives.