When accounting for the sale of completed goods, which of the following entries would be correct in recording the sale?
A) Debit Finished Goods Inventory
B) Debit Cost of Goods Sold
C) Credit Cost of Goods Sold
D) Debit Sales

Question

Quizplus · Accepted Answer

The Answer of When accounting for the sale of completed goods, which of the following entries would be correct in recording the sale?
A) Debit Finished Goods Inventory
B) Debit Cost of Goods Sold
C) Credit Cost of Goods Sold
D) Debit Sales

When Accounting for the Sale of Completed Goods, Which of the Following