Which of the Following Entries or Sets of Entries Would $\begin{array}{lrr} \text { Debtors.} &200,000\\ \text {Sales. } &200,000\\\end{array}$

question 32

Multiple Choice

Which of the following entries or sets of entries would record sales for the month of July of goods costing £119,000 for £200,000:
A. $\begin{array}{lrr} \text { Debtors.} &200,000\\ \text {Sales. } &200,000\\\end{array}$


b. $\begin{array}{lrr} \text { Debtors } &20,000\\ \text {Sales } &200,000\\ \text {Cost of Goods Sold } &119,000\\ \text {Work in Process } &119,000\\\end{array}$
c. $\begin{array}{lrr} \text { Cost of Goods Sold } &119,000\\ \text { Net Operating Income } &81,000\\ \text { Sales } &200,00\end{array}$
d. $\begin{array}{lrr} \text {Debtors } &200,000\\ \text {Sales } &200,000\\ \text { Cost of Goods Sold } &119,000\\ \text {Finished Goods } &119,000\\\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

---

Definitions:

Velocity

The speed at which the data are generated.

Continuity Correction

An adjustment made to a discrete probability distribution to better approximate a continuous distribution, often used in binomial and normal distribution approximation.

Discrete Binomial Distribution

A probability distribution that models the number of successes in a fixed number of independent yes/no experiments, each with the same probability of success.

Continuous Normal Distribution

A type of probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.