Given That the Top of This Paper Is North, What

question 36

Multiple Choice

Given that the top of this paper is north, what is the wind direction represented by this arrow?

• A)southeast
• B)east
• C)northwest
• D)northeast

---

Definitions:

Periodic Method

An inventory accounting system where updates to inventory accounts and cost of goods sold are made periodically at the end of a reporting period.

Journal Entries

Recorded transactions in the accounting ledger that reflect the financial activities of a business.

Voucher

A document or record acting as evidence for a transaction, or as an authorization for payment.

Net Method

An accounting technique where discounts for early payment are calculated and recorded as lower sales prices at the time of sale, in anticipation that discounts will be taken.