Accountıng I Deneme Sınavı Sorusu #1230164
A company merchandise inventory account showed a balance of 7.000 before the year end adjustments. The physical count of goods on hand totaled 6.300. To adjust the accounts, which of the following is true about the company registration?
|
Cost of the gold sold debit 700 |
|
Merchandise inventory credit 600 |
|
Account Payable credit 500 |
|
Merchandise inventory debit 600 |
|
Cost of the gold sold credit 700 |
Yanıt Açıklaması:
The correct answer to question is option A. The company debit 600 of the cost of the goods sold, the inventories credit 600.
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