The General Journal Does Not Have a Column Titled

question 100

Multiple Choice

The general journal does not have a column titled

• A)Description.
• B)Account Balance.
• C)Date.
• D)Post.Ref.

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Definitions:

Selling Goods on Account

The process of selling merchandise to a buyer where payment is to be made at a future date as agreed.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period.

Revenues

Revenues are the total amount of money generated by a company from its business activities, like sales of goods and services, before any costs or expenses are deducted.

Costs Incurred

Expenses that a company has recognized or recorded, reflecting amounts spent on operations, projects, or activities.