Which of the Following Is True of a Sales Journal

question 72

Multiple Choice

Which of the following is true of a sales journal prepared under the perpetual inventory system?

• A)It includes a Cost of Goods Sold DR,Merchandise Inventory CR column.
• B)It records both cash and credit sales transactions.
• C)All transactions recorded in a sales journal also are entered in the general journal.
• D)It cannot be used with a perpetual inventory system.

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Definitions:

Core Prints

Extensions on a casting pattern that create recesses in the mold to properly position and support the core during casting.

Symbol

A graphical sign or character used to represent an idea, object, or operation.

Symmetry

The property of being made up of exactly similar parts facing each other or around an axis; often used in design and analysis to simplify problems and solutions.

Gray Iron

A type of cast iron known for its graphitic microstructure, offering good machinability, conductivity, and wear resistance.