Which of the Following Is Not Included in a Typical

question 58

Multiple Choice

Which of the following is not included in a typical cash receipts journal of a business using the perpetual inventory system?

• A)Interest Revenue CR column
• B)Cost of Goods Sold DR, Merchandise Inventory CR column
• C)Sales Revenue CR column
• D)Other Accounts CR column

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Definitions:

Inventory Costs

Expenses associated with storing and managing goods that a company holds in stock.

Peak Seasons

Periods of the year when demand for a product or service is significantly higher than usual.

Off Season

A period of time during which there is less demand for certain goods or services, often due to seasonal factors.

Predictable Variability

The expected or forecasted fluctuation in demand, supply, or other business variables that can be anticipated and planned for.