Which of the Following Accounts Will Only Be Found in the Chart

question 173

Multiple Choice

Which of the following accounts will only be found in the chart of accounts of a merchandising company?

• A) Sales
• B) Accounts Receivable
• C) Merchandise Inventory
• D) Accounts Payable

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Definitions:

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Financial

Relating to money or how money is managed, including aspects such as investments, expenses, and revenue generation.

Customer

An individual or entity that purchases goods or services from another entity, forming the basis of the business's revenue.

Learning And Growth

An aspect of the balanced scorecard approach that focuses on the intangible drivers of future success, such as employee skills, organizational culture, and information systems capabilities.