Which of the Following Statements Is TRUE

question 99

Multiple Choice

Which of the following statements is TRUE?

• A)Only cash sales are included in the Sales account.
• B)Sales is the total amount charged customers,including cash sales and sales on account.
• C)Both sales discounts and sales returns and allowances are added to Sales to arrive at Net Sales.
• D)Sales is the revenue account typically used in service businesses.

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Definitions:

Co-Workers

Individuals with whom one shares a work environment, often contributing to one’s sense of belonging and teamwork efficacy.

High-Performance Work Practice

Organizational practices designed to enhance employee involvement, commitment, skills, and productivity, leading to superior business performance.

Employee Involvement

Strategies and practices that encourage employees to contribute ideas and effort towards the improvement and success of the organization.

Elon University

A private university located in Elon, North Carolina, known for its focus on experiential learning and global engagement.