The sale of inventory may
A) decrease inventory
B) impact the Sales Journal
C) create accounts receivable
D) initiate billing
E) All of these

Question

Quizplus · Accepted Answer

The sale of inventory will decrease inventory and impact the Sales Journal as products are being sold. It may also create accounts receivable if the customer does not pay in full at the time of the sale, and initiate billing to ensure payment is received. Therefore, all of these options apply.

The Sale of Inventory May