What Is the Reason for NOT Using the Journal Entry

question 3

Multiple Choice

What is the reason for NOT using the Journal Entry or Bank Deposit pages for recording sales?

• A)The sales account shows income from the Accounts Payable account.
• B)Bank deposits only reflect income from Accounts Receivable.
• C)Best practice is to record sales as a Transfer entry.
• D)A bank deposit or journal entry will not appear on sales reports.
• E)None.

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Definitions:

Contra

Against or in opposition to a particular argument or claim.

Add

In the context of mathematics or logic, to perform the operation of addition, which is the process of combining two or more quantities.

UI

Stands for User Interface, which is the means by which user interacts with a machine, software or device.

Simp

A term colloquially used to describe someone who demonstrates excessive sympathy or attention towards another person, often with little regard for reciprocation.