Which of the Following Is TRUE of Posting from a Sales

question 44

Multiple Choice

Which of the following is TRUE of posting from a sales journal to the general ledger?

• A) Entries in the sales journal are posted to either the accounts receivable subsidiary ledger or the general ledger.
• B) Individual accounts receivable are posted daily from the sales journal to the accounts receivable subsidiary ledger.
• C) Even though the sales journal is posted monthly to the subsidiary ledger, it is a reliable record of the amount received from each customer.
• D) Under a perpetual inventory system, the sales journal will not have the Cost of Goods Sold DR and Merchandise Inventory CR column.

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Definitions:

Humanist Psychology

A psychological approach that emphasizes personal growth, resilience, and the achievement of human potential.

Third Force

A term in psychology that refers to the humanistic approach, emphasizing personal growth and self-actualization.

Highly Heritable

Refers to traits or characteristics that have a significant genetic component, meaning they are likely to be passed from parents to offspring.

Collectivist Cultures

Societies that prioritize the needs and goals of the group over the individual, often emphasizing strong family ties and community cohesion.