Which of the following accounts is not related to the revenue and cost of goods sold process?
A) accounts payable
B) inventory
C) accounts receivable
D) revenue

Question

Quizplus · Accepted Answer

Accounts payable is related to the process of purchasing goods and services from suppliers, not directly to the revenue and cost of goods sold process. Revenue and cost of goods sold are directly related to the sales process and inventory management, while accounts receivable represents money owed to the company from customers.

Which of the Following Accounts Is Not Related to the Revenue