When a store chooses to use an item from its inventory in the store -
A) record a sales invoice because the store is selling the item to itself
B) record a purchase invoice because the store is buying the item from itself
C) record an general journal entry for the transfer of inventory stock
D) none of the above
Correct Answer:
Verified
Q12: Regular inventory purchases and sales journal entries
Q13: Which of the following statements is true
Q14: To report on the number of units
Q15: Which of the following general statements is
Q16: Which of the following best describes inventory
Q18: Record inventory that is recovered after a
Q19: When you combine a sales return and
Q20: How would you enter a purchase return
Q21: To cancel the interest on an overdue
Q22: The inventory journals may be used for
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