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Of All the Business Functions,_____ Is the Only Function Whose

question 94

Multiple Choice

Of all the business functions,_____ is the only function whose primary role is to bring in revenues.

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Definitions:

Cross-footing

A method used in accounting to check the arithmetic accuracy of accounts by comparing the sums of the totals in the opposite directions.

Special Journals

Special journals are accounting tools used to record specific types of transactions in a more efficient manner, such as sales, purchases, cash receipts, and disbursements.

Monthly

Pertaining to or occurring once every month.

Daily

Daily refers to something done, occurring, or measured every day or each business day.

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