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:

Production-Centred

Focused or centered around the production or manufacturing process within an organization.

Performance Results

The outcomes or achievements of an individual's or organization's work or activity, measured against goals or standards.

Sensitivity Needs

Requirements related to understanding and responding to the emotions and personal matters of others.

Performance Monitoring

The regular observation and evaluation of an individual's or organization's performance against defined benchmarks or objectives.