Accountıng I Deneme Sınavı Sorusu #1313790
If the merchandise inventory is sold, its cost is taken from inventory account in balance sheet and recognized as an _____ in the income statement.
Which of the following best completes the statement above?
|
Beginning inventory |
|
purchase |
|
Expense |
|
Revenue |
|
Balance |
Yanıt Açıklaması:
If the merchandise inventory is sold, its cost is taken from inventory account in balance sheet and recognized as an expense (cost of goods sold) in the income statement.
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