Multiple Choice
Which statement is not true about inventory linked accounts -
A) accounts cannot be changed when recording an inventory purchase
B) accounts cannot be changed in adjustments journal entries
C) accounts can be changed when recording a sale of inventory
D) the main way to change the linked asset is to edit the ledger record
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If the wrong inventory is selected in
Q2: You should use the adjustments journal to
Q3: When a store chooses to use an
Q5: Which one of the following statements about
Q6: The inventory journals may be used for
Q7: Typing a letter or number of an
Q8: To correct a sales invoice that was
Q9: If freight shipping charges had been incorrectly
Q10: The most recent purchase price becomes the
Q11: In the sales journal,inventory item selection lists