Which of the following is TRUE of a sales journal prepared under the perpetual inventory system?
A) It includes a Cost of Goods Sold DR, Merchandise Inventory CR column.
B) It records both cash and credit sales transactions.
C) All transactions recorded in a sales journal also are entered in the general journal.
D) It cannot be used with a perpetual inventory system.
A) It includes a Cost of Goods Sold DR, Merchandise Inventory CR column.
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Which situation is an example of a voluntary turnover?
A. Cody, a trainee at PublicWorks Inc., is reprimanded for arriving late at work every day. B. Lila, an employee at Architect International, is about to resign her job to start her own business. C. Kevin, a manager at Exotic Travel Co., is suspended for a month due to drug use. D. Nora, a supervisor at GreenLeaf LLC, is demoted from her current position. E. Claire, an employee at Alpha Corp., is transferred to another city for career growth.
A company that receives 1 . percent or more of its revenue from sales to a single customer must disclose the
a. identity of the customer. b. identity of the customer and the amount of revenue from that customer. c. type of revenues earned from that customer only. d. amount of revenue from that customer only.
To form plurals when a vowel precedes y, simply add s
Indicate whether the statement is true or false.
Which of the following is an important benefit of experimentation?
a. It makes you get out from behind the desk. b. Assumptions are validated or proven false. c. It generates new ideas. d. It generates new business plans.