When a Sales Journal Is Posted to the General Ledger

question 19

Multiple Choice

When a sales journal is posted to the general ledger at the end of the month, the accountant totals the Accounts Receivable DR, Sales Revenue CR and Cost of Goods Sold DR, Merchandise Inventory CR columns. This process is commonly called:

• A)scalping.
• B)ticking.
• C)footing.
• D)framing.

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Definitions:

Personal Brand

The practice of marketing oneself and one's career as brands, emphasizing a unique combination of skills, experiences, and personality.

Needed

Essential or required in a particular situation or for a specific purpose.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the outcome itself.

Fake Followers

Social media accounts that are artificial or bot-generated, created to inflate a user's number of followers.