Which of the following would be used to record the sale of goods on credit for the period?
A)A journal entry
B)An adjusting entry
C)A closing entry
D)A temporary account

Question

Quizplus · Accepted Answer

Recording the sale of goods on credit for the period requires a journal entry, which is used to document the transaction in the general ledger. An adjusting entry is used to update accounts at the end of the period, a closing entry is used to close temporary accounts, and a temporary account is used to record transactions that are not part of the normal operations of the business.

Which of the Following Would Be Used to Record the Sale