Recording jobs shipped and customers billed would include a credit to
A) Accounts Payable
B) Cash
C) Finished Goods
D) Cost of Goods Sold

Question

Quizplus · Accepted Answer

Recording jobs shipped and customers billed means that finished goods have been sold and therefore need to be credited in the accounting system. Accounts Payable, Cash, and Cost of Goods Sold are not relevant in this scenario.

Recording Jobs Shipped and Customers Billed Would Include a Credit