If There Is No Cash Involved in a Particular Business

question 92

Multiple Choice

If there is no cash involved in a particular business transaction then the transaction should be recorded in:

• A)either cash receipts journal or general journal.
• B)either sales journal or purchases journal.
• C)only general journal.
• D)sales journal, purchases journal, or general journal.

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other cultures.

Stereotyping

The act of assigning a fixed, generalized idea or image to a group of people, disregarding individual differences.

Diversity

The inclusion of individuals from various backgrounds, cultures, races, genders, and other identity aspects in a group or organization.

Encode Messages

The process of converting ideas or information into a form suitable for communication.