Which of the Following Statements Is Not Correct

question 73

Multiple Choice

Which of the following statements is not correct?

• A)The sales slip is the source document for sales on credit transactions.
• B)A journal that is used to record only one type of a transaction is called a special journal.
• C)Use of a sales journal eliminates repetition in posting individual entries to the Accounts Receivable account in the general ledger.
• D)If the firm must collect sales tax on retail transactions, the sales journal should have a Sales Tax Payable Debit column.

---

Definitions:

Department Heads

Individuals in charge of overseeing specific departments within an organization, responsible for leadership and strategic planning in their areas.

Internal Audience

Refers to the members within an organization or group who are the intended recipients of a message or communication, such as employees or departments.

Marketing Planner

A professional responsible for developing strategies to promote a product, service, or brand, planning campaigns to reach target audiences effectively.

Organic Lipsticks

Cosmetics for the lips that are made from natural ingredients without synthetic chemicals.