When a merchandiser sells on account, which of the following accounts is NOT needed to record the transaction?
A) Cost of Goods Sold
B) Accounts Receivable
C) Inventory
D) Cash
Correct Answer:
Verified
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A)Balance
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Q96: Transferring title refers to a:
A)change of ownership.
B)change
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A)Gross Sales
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Q100: FOB means:
A)first on board.
B)from our buyer.
C)fee on
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