Which statement is not true about inventory linked accounts -
A) accounts cannot be changed when recording an inventory purchase
B) accounts cannot be changed in adjustments journal entries
C) accounts can be changed when recording a sale of inventory
D) the main way to change the linked asset is to edit the ledger record
Correct Answer:
Verified
Q1: You should use the adjustments journal to
Q2: To determine how many items you have
Q3: Why does an inventory purchase not usually
Q4: If freight shipping charges had been incorrectly
Q5: To correct a sales invoice that was
Q7: When you complete an item assembly journal
Q8: If the wrong inventory is selected in
Q9: Which of the following statements about inventory
Q10: The most recent purchase price becomes the
Q11: If HST charged had been omitted from
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