An automobile parts retailer purchases merchandise inventory on account. When using a manual accounting information system, this transaction is recorded in the ________.
A) purchases journal
B) general journal
C) cash payments journal
D) sales journal
A) purchases journal
You might also like to view...
______ is a state of emotional, mental, and even physical exhaustion, expressed as listlessness, indifference, or frustration.
A. Eustress B. Distress C. Burnout D. Role overload E. Role ambiguity
Tina purchases a personal residence for $278,000, but subsequently converts the property to rental property when its FMV is $275,000. Assume depreciation of $65,000 has been deducted after conversion to rental use. If Tina sells the property for $200,000, her realized gain or loss will be
A. ($78,000) loss. B. ($13,000) loss. C. ($10,000) loss. D. ($75,000) loss.
Jewelry & Coin Company hires Kelly Ann to buygems and precious metals from various sources on its behalf. In this relationship, Jewelry & Coin is
a. anemployee. b. anindependent contractor. c. aprincipal. d. anagent.
Six Sigma:
A) is about more than measurement of parts production. B) is an offshoot of the 5-S program. C) is only applicable if a process is repetitive. D) is an award sponsored by the Malcolm Baldridge Foundation.