Which of the Following Is Not Included in the Purchases

question 39

Multiple Choice

Which of the following is not included in the purchases journal?

• A)purchases of Merchandise Inventory for cash
• B)purchase of Merchandise Inventory on account
• C)purchase of Office Supplies on credit
• D)purchase of Capital Assets on account

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Definitions:

Environmental Scan

The process of systematically analyzing external opportunities and threats that could affect the organization's success.

Predictive Information Extraction

The use of algorithms and models to analyze historical data in order to make predictions about future trends, behaviors, or outcomes.

Absolute Value

Absolute value refers to the non-negative value of a number without regard to its sign; it's the distance of a number from zero on a number line.

Experiment

A method of testing hypotheses by deliberately manipulating variables in a controlled environment to observe and measure the effect on certain outcomes.