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
Q1: If the wrong inventory is selected in
Q2: You should use the adjustments journal to
Q4: Which statement is not true about inventory
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