What is the name of the revenue account used by merchandise companies?
A) Sales
B) Merchandise Fees
C) Merchandise Inventory
D) Capital

Question

Quizplus · Accepted Answer

The revenue account used by merchandise companies is typically Sales. This account tracks the amount of money earned through the sale of merchandise. Option B (Merchandise Fees) is not a commonly used name for a revenue account in merchandise companies. Option C (Merchandise Inventory) is an asset account that tracks the cost of goods held for sale, not revenue earned. Option D (Capital) is an equity account that represents the owner's investment in the business and is not related to revenue.

What Is the Name of the Revenue Account Used by Merchandise