The Transaction That Would Not Be Recorded in the General

question 33

Multiple Choice

The transaction that would not be recorded in the general journal is

• A)credit purchase of goods for resale.
• B)depreciation of equipment.
• C)accrued salaries.
• D)sales returns.

---

Definitions:

Accepting Offer

The act of voluntarily agreeing to the terms of an offer, thereby creating a binding contract between the offeror and the offeree.

Subject-To Clause

A term making a contract conditional on future events.

Love And Affection

An emotional state or feeling of strong attachment and personal bond towards another person or persons.

Adequate Consideration

The fair and reasonable value exchanged in a contract that is sufficient to make the agreement binding and enforceable.