Failure to record inventory in the proper period can affect all of the following accounts except:
A)sales.
B)receivables.
C)cost of Goods Sold.
D)prepaid Expenses.

Question

Quizplus · Accepted Answer

Failure to record inventory in the proper period would not affect prepaid expenses, as they are typically unrelated to inventory. However, it could impact sales, receivables, and cost of goods sold, as these accounts are closely tied to inventory management and valuation.

Failure to Record Inventory in the Proper Period Can Affect