Which of the Following Is True of a Sales Journal

question 16

Multiple Choice

Which of the following is true of a sales journal?

• A)It is a special journal used to record all the cash sales.
• B)It is used to record the sales of capital assets, such as buildings.
• C)It is a special journal used to record credit sales.
• D)It is a general journal that is used to record the adjustments in revenue account.

Grasp the fundamentals of activity-based costing and its difference from the traditional costing system.

Learn how to compute unit product costs under both traditional and activity-based costing systems.

Understand the method to calculate predetermined overhead rates based on different allocation bases such as machine-hours, labor-hours, and capacity.

Learn how to determine manufacturing overhead applied to jobs and the computation of unit product costs.

---

Definitions:

Personality Style

An individual's typical pattern of thinking, feeling, and acting in various situations.

Locus of Control

A psychological concept referring to the extent to which individuals believe they have power over events in their lives.

Value Orientations

The general principles or ideals that guide an individual's or a society's behavior and beliefs.

Industry

Pertains to the economic activity concerned with the processing of raw materials and manufacture of goods in factories, as well as the sector of the economy characterized by such activities.