The General Ledger Accounts Used When Posting the Sales Journal

question 15

Multiple Choice

The general ledger accounts used when posting the sales journal are:

• A)sales returns and allowances,sales revenue,accounts receivable and cost of sales.
• B)sales revenue,cost of sales,inventory,accounts receivable and GST clearing account.
• C)purchases,sales returns and allowances,sales revenue,accounts receivable and GST clearing account.
• D)cash,sales revenue,accounts payable and inventory.

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Definitions:

Testis

One of two male reproductive glands located in the scrotum; produces spermatozoa, testosterone, and inhibin.

LH

LH stands for Luteinizing Hormone, a hormone produced by the anterior pituitary gland that plays a key role in regulating the reproductive system, including ovulation in females and testosterone production in males.

Thyroglobulin

A protein produced by the thyroid gland, serving as a precursor to thyroid hormones, which regulate metabolism.

Enzymes

Biological molecules that act as catalysts, speeding up chemical reactions in the body without being consumed by the reaction.