Multiple Choice
One difference in the Sales Journal between the perpetual and periodic systems is
A) The addition of a sales tax payable column.
B) The deletion of a sales tax payable column.
C) The column to record cost of goods sold and inventory amounts sold.
D) The column to record cost of goods sold and inventory amounts sold and the deletion of a sales tax payable column.
E) The column to record cost of goods sold and inventory amounts sold and the addition of a sales tax payable column.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: The Payroll Register provides the information needed
Q5: The General Ledger system represents the primary
Q10: The Sales Journal and Cash Receipts Journal
Q57: The periodic system does not record the
Q74: Equipment, inventory, and investments may also need
Q103: The Accounts Payable account in the General
Q104: Canada Pension Plan is withheld from wages
Q105: A bookkeeper using a Purchases Journal recorded
Q109: The ledger that contains the financial statement
Q110: The three primary components of accounting information