Of the Three Parties Involved in the Distribution Process, ________

question 98

Multiple Choice

Of the three parties involved in the distribution process, ________ are responsible for receiving the distributed goods.

• A) shippers
• B) brokers
• C) agents
• D) carriers
• E) consignees

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Definitions:

Special Journals

Journals that record similar types of transactions, such as all credit sales.

Sales Returns

Goods returned by customers after purchase, reducing the total sales revenue.

Cash Payments Journal

An accounting ledger that tracks all cash payments made by a business, including expenses, debt payments, and purchases.

Control Account

A general ledger account that summarizes and controls the detailed data recorded in subordinate ledger accounts.