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What Is the General Ledger Impact of the Goods Receipt

Question 60

Multiple Choice

What is the general ledger impact of the goods receipt step during a stock transfer?


A) Debit GR/IR,credit inventory
B) Debit inventory,credit COGS
C) Debit and credit to the inventory account
D) Debit COGS,credit inventory
E) There is no GL impact.

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