When finished goods are sold, the _____ account is debited. a.Accounts Payable b.Work in Process c.Sales...

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Question

When finished goods are sold, the _____ account is debited. a.Accounts Payable b.Work in Process c.Sales...

When finished goods are sold, the _____ account is debited.

a.Accounts Payable

b.Work in Process

c.Sales Revenue

d.Cost of Goods Sold

e.Overhead Control

business accounting

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Answer 1

Answer #1

Passel. namel ansferin the Finishe Good ost to cost 60ods sold Al O Sale end rode Reteiv Xxx To Sales Alc Transfter Finished Good, cost £ cost ct Goods sold A/c From tis we con condude that Costo ood

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Answer 2

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Under which of the following situations is Finished Goods Inventory debited and Work-in-Process Inventory account credited?...

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When finished goods are sold, the _____ account is debited. a.Accounts Payable b.Work in Process c.Sales...

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When finished goods are sold, the _____ account is debited. a.Accounts Payable b.Work in Process c.Sales...