Answer:
B. Cost of Goods Sold.
Explanation:
When a company sells goods, it removes their cost from the balance sheet and reports the cost on the income statement as cost of goods sold.
For instance, in a perpetual system of inventory; which can be defined as a method of financial accounting, that involves the updating informations about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by the customers, through the use of enterprise management software applications and a digitized point-of-sale equipment.
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc.
In Accounting, to record a journal entry for a sale on account, the account receivable would be debited because it is an asset and shall be increased with debits while crediting the sales account for the amount being paid by the customer.
Answer:
freight absorption pricing
Explanation:
Freight Absorption Pricing. a pricing method in which the manufacturer bears some or all of the freight costs involved in transporting the goods to the customer.
Answer: sole proprietor
Explanation: because you are the only owner to the businesses
Answer:
The answer is false
Explanation:
Breadth, refers to the number of product lines offered by a firm
I believe the answer would be Trade Routes, however take that with a grain of salt because it may be wrong.
