Which of the following amounts should NOT be posted to any ledger account?
a. the total of the Cash Credit column
b. the total of the Professional Fees column
c. the total of the Supplies Expense column
d. the total of the General Debit and Credit column
d
Business
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The percent-of-sales method calculates bad debts expense as a percentage of net credit sales
Indicate whether the statement is true or false
Business
In the consumer goods industry the typical flow of goods would be as follows:
a. producer to wholesaler to retailer to consumer. b. agent wholesaler to producer to retailer to consumer. c. manufacturer's representatives to producer to retailer to consumer. d. producer to agent to wholesaler to consumer.
Business