Which of the Following Statements Is True Regarding the Closing

question 90

Multiple Choice

Which of the following statements is true regarding the closing process of a merchandiser?

• A)Sales Discounts,Sales Returns and Allowances,and Cost of Goods sold should all be credited during closing.
• B)Sales Discounts,Sales Returns and Allowances,and Cost of Goods sold should all be debited during closing.
• C)Sales Discounts and Sales Returns and Allowances should be debited; Cost of Goods Sold should be credited during closing.
• D)Sales Discounts and Sales Returns and Allowances should be credited; Cost of Goods Sold should be debited during closing.
• E)Sales Discounts and Sales Returns and Allowances are not closed.Cost of Goods Sold should be credited during closing.

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Definitions:

Wireless Internet

A method of accessing the internet without the need for physical connections, using radio waves or infrared signals.

Unpaid Placement

Refers to instances where products or services are featured in media or events without direct compensation, typically for promotional purposes.

Publicity

Nonpersonal stimulation of demand for a good, service, place, idea, event, person, or organization by unpaid placement of information in print or broadcast media.

Nonpersonal Stimulation

Nonpersonal stimulation in marketing refers to promotional activities that do not involve direct contact with the consumer, such as advertising, sales promotion, and public relations.