If a Business Uses the Periodic Inventory System,the Sales Journal

question 137

Multiple Choice

If a business uses the periodic inventory system,the sales journal will ________.

• A) record both the cash and credit sales
• B) include a Purchase DR and Account Receivable CR column
• C) exclude the Accounts Receivable DR and Sales Revenue CR column
• D) exclude the Cost of Goods Sold DR and Merchandise Inventory CR column

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Definitions:

Performance Appraisal

Evaluation of and feedback on an employee’s job performance.

Cynical

Characterized by a belief that people are motivated purely by self-interest rather than acting for honorable reasons.

Superior

Higher in rank, quality, or importance; often used to compare and contrast abilities or features.

Technical Snag

Refers to a small, unforeseen problem or malfunction that interrupts a process or operation.