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:

Selective Targeting

The strategic approach of focusing marketing efforts on specific segments of the market that are most likely to respond favorably to products or services.

Customized Marketing Programs

Tailored marketing strategies designed to meet the specific needs of a target customer segment or individual customer.

Relationship Intensity

The level of closeness and reciprocal exchange between partners in a business relationship, affecting loyalty and long-term engagement.

Organizational Culture

The set of shared beliefs, values, norms, and practices that characterizes an organization and guides its members' behavior.