Under the Periodic Inventory System, the Journal Entry to Record

question 39

Multiple Choice

Under the periodic inventory system, the journal entry to record the cost of goods sold at the point of sale will include which of the following?

• A) none of these
• B) Cost of Goods Sold
• C) Inventory
• D) Purchases

---

Definitions:

Incongruent

Lacking harmony, consistency, or appropriateness, possibly leading to confusion or conflict.

Psychotic Behaviors

Actions or behaviors that are typically associated with experiencing psychosis, including hallucinations, delusions, disordered thinking, and acting in a way that is out of touch with reality.

Positive Feedback

A process in which the effects of a small disturbance on a system include an increase in the magnitude of the perturbation.

Situational Low Self-esteem

A temporary dip in a person’s self-worth or self-respect, often triggered by a specific situation or event.