Multiple Choice
Which account balance is NOT used to compute the cost of goods sold?
A) Sales
B) Merchandise Inventory
C) Purchases
D) Purchases Discounts
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q30: Adjustments are made on the work sheet
Q31: After adjustments are made to the merchandise
Q32: The credit amount for Income Summary in
Q33: Journalize the adjusting entries from the partial
Q34: At the end of the accounting period,
Q36: If the ending inventory is understated for
Q37: A contra-revenue account is given a ".1"
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]