The General Ledger Accounts Used When Posting the Sales Journal

question 15

Multiple Choice

The general ledger accounts used when posting the sales journal are:

• A)sales returns and allowances,sales revenue,accounts receivable and cost of sales.
• B)sales revenue,cost of sales,inventory,accounts receivable and GST clearing account.
• C)purchases,sales returns and allowances,sales revenue,accounts receivable and GST clearing account.
• D)cash,sales revenue,accounts payable and inventory.

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Definitions:

Sociologists

Professionals who study social behavior, institutions, and structures, focusing on understanding how human actions and consciousness both shape and are shaped by surrounding cultural and social structures.

Political Power

The capacity or ability of a political entity, such as an individual or organization, to influence or control the actions, policies, and behavior of people, institutions, or systems within a political context.

Canadian State

The political entity consisting of the federal government and provinces of Canada, responsible for governing the country according to its laws and regulations.

Policies and Laws

Established rules and guidelines, formally enforced through legal and governmental institutions, that govern behavior within a society.