Which of the Following Is TRUE of a Sales Journal

question 23

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:

Pointer

A variable that stores a memory address, typically pointing to the location of another variable in memory.

Stored Address

A stored address refers to a memory location's address that is kept in a variable or a specific location for future data access or manipulation.

Address

A specific location in computer memory that is identified by a numeric value, used to store and retrieve data.

Pointer Variable

A special type of variable in programming that holds the address of another variable in memory.