If a Business Uses the Periodic Inventory System,the Sales Journal

question 137

Multiple Choice

If a business uses the periodic inventory system,the sales journal will ________.

• A) record both the cash and credit sales
• B) include a Purchase DR and Account Receivable CR column
• C) exclude the Accounts Receivable DR and Sales Revenue CR column
• D) exclude the Cost of Goods Sold DR and Merchandise Inventory CR column