Multiple Choice
When a store chooses to use an item from its inventory in the store -
A) record a sales invoice because the store is selling the item to itself
B) record a purchase invoice because the store is buying the item from itself
C) record an general journal entry for the transfer of inventory stock
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q25: To correct a sales invoice that was
Q26: The inventory journals may be used for
Q27: How would you enter a purchase return
Q28: If freight shipping charges had been incorrectly
Q29: To cancel the interest on an overdue
Q30: To see a complete list of selling
Q31: To report on the number of units
Q32: Regular inventory purchases and sales journal entries
Q34: When you combine a sales return and
Q35: Typing a letter or number of an