Multiple Choice
Which of the following accounts would NOT be found under the heading of "Cost of Goods Sold" in a chart of accounts?
A) Purchases
B) Purchases Returns and Allowances
C) Freight-In
D) Supplies
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q38: When part of the amount of unearned
Q39: Use the following information to prepare the
Q40: A work sheet is prepared<br>A) from [date]
Q41: Match the terms with the definitions.<br>-Cash received
Q42: After journalizing adjusting entries, the amounts must
Q44: Both the debit and credit amounts in
Q45: Only the debit amount for the income
Q46: The income summary account, after adjusting entries
Q47: Under the perpetual inventory method, when inventory
Q48: In journalizing adjusting entries, Merchandise Inventory is