The Purchases Journal of a Business That Uses the Periodic

question 97

Multiple Choice

The purchases journal of a business that uses the periodic inventory system will include a column titled ________.

• A) Cost of Goods Sold DR
• B) Purchases DR
• C) Accounts Payable DR
• D) Merchandise Inventory DR

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Definitions:

Human Resource Professionals

Specialists in managing and developing an organization's workforce, including recruitment, training, benefits administration, and compliance with labor laws.

Managerial Positions

Jobs that involve overseeing and directing the functions and activities of employees, departments, or organizations.

Time-And-Motion Studies

The analysis of work processes to improve efficiency by reducing wasted motions and optimizing task performance.

Knowledge-Driven Economy

An economy where growth is primarily based on the production, distribution, and use of knowledge and information.