In a Purchases Journal,the Total of the ________ Column Is

question 30

Multiple Choice

In a purchases journal,the total of the ________ column is not posted to the general ledger.

• A) Merchandise Inventory DR
• B) Other Accounts DR, Amount
• C) Accounts Payable CR
• D) Office Supplies DR

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Definitions:

Economic Profit

The disparity between a company's complete earnings and its aggregate expenses, covering both direct (explicit) and indirect (implicit) costs.

Human Capital

The collective skills, knowledge, and experiences possessed by an individual or population, viewed in terms of their value to an organization or society.

Physical Capital

Physical capital includes tangible assets such as buildings, machinery, and equipment that are used in the production of goods and services.

Productive Investment Opportunities

Investments that potentially lead to an increase in productive capacity and economic growth.