Which of the Following Is TRUE of Posting from a Sales

question 44

Multiple Choice

Which of the following is TRUE of posting from a sales journal to the general ledger?

• A) Entries in the sales journal are posted to either the accounts receivable subsidiary ledger or the general ledger.
• B) Individual accounts receivable are posted daily from the sales journal to the accounts receivable subsidiary ledger.
• C) Even though the sales journal is posted monthly to the subsidiary ledger, it is a reliable record of the amount received from each customer.
• D) Under a perpetual inventory system, the sales journal will not have the Cost of Goods Sold DR and Merchandise Inventory CR column.

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Definitions:

Moral Conation

The aspect of one's mental processes directly connected to ethics, willpower, and the motivation to act in alignment with one's moral values.

Socialized Power Orientation

A leadership approach focused on using power for the benefit of others rather than for personal gain.

Exploit

To make use of a resource, situation, or piece of information to gain an advantage or achieve a goal.

Ethical Dilemmas

Situations in which a person must choose between competing moral principles or values, often leading to ethical reflection and decision-making.