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When a Sales Journal Is Posted to the General Ledger

Question 19

Multiple Choice

When a sales journal is posted to the general ledger at the end of the month, the accountant totals the Accounts Receivable DR, Sales Revenue CR and Cost of Goods Sold DR, Merchandise Inventory CR columns. This process is commonly called:


A) scalping.
B) ticking.
C) footing.
D) framing.

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