Which of the Following Is NOT Typically Shown as a Separate

question 164

Multiple Choice

Which of the following is NOT typically shown as a separate column in a cash receipts journal that uses the perpetual inventory system?

• A) Interest Revenue CR column
• B) Cost of Goods Sold DR, Merchandise Inventory CR column
• C) Sales Revenue CR column
• D) Sales Discounts Forfeited CR column

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Definitions:

Poor Handling

Inadequate or careless management of items, which often results in damage or loss.

Spoiled

Usually refers to goods or materials that have become unfit for use or consumption due to damage, deterioration, or passing their expiration dates.

Unfit for Use

Refers to a condition where an item, equipment, or facility is not suitable or safe for its intended purpose.

Material Handling Expenses

Costs incurred in the process of moving, protecting, storing, and controlling materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.