The account in which the revenue earned from the sale of merchandise is entered is
A) Capital.
B) Sales.
C) Cash.
D) Inventory.
Correct Answer:
Verified
Q31: Merchandise is sold on account for $90,
Q32: If the schedule of accounts receivable total
Q33: The sales tax payable account is a
Q34: A business that purchases clothing, furniture, computers,
Q35: After posting is completed in the accounts
Q37: The sales account is a revenue account.
Q38: While sales returns and allowances can be
Q39: To a seller, cash discounts are considered
Q40: A summary accounts receivable account is called
Q41: Match the terms with the definitions.
-Merchandise returned
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