In a worksheet for a merchandising company, Inventory would appear in the

Question

Quizplus · Accepted Answer

Inventory is an asset account and appears in both the trial balance and the statement of financial position (also known as the balance sheet), therefore it should appear in the trial balance, adjusted trial balance, and statement of financial position columns. It does not appear in the income statement column, as it is not an expense or revenue account.

In a Worksheet for a Merchandising Company, Inventory Would Appear