Answer: A purchase of supplies for cash is recorded in the cash payments journal.
Answer: False
Explanation:
The VOLUME CONSOLIDATION Stage is where a company attempts to reduce the number of suppliers that it has and consolidates the volume of sales it does through them.
This strategy helps in having a better relationship with suppliers as well as earning a claim on their business which would go a long way in price negotiation.
A depreciation of a nation's currency will cause imports to decrease and exports to increase all other things held constant.
<h3>What is depreciation?</h3>
This is a term that is used to refer to the fall in the fall of a nations currency. When it depreciates, the value of the currency to other currencies would fall.
This would cause imports from other countries to become too expensive for the country that is buying.
Read more on depreciation here: brainly.com/question/1203926
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Answer:
B. beginning inventory cost of goods purchased – ending inventory
Explanation:
Cost of goods sold = Opening Inventory + Cost of goods purchased - Closing inventory
This is because Opening + Purchases = Total maximum level of inventory held during the year, out of which some will be sold and some will be kept as part of closing inventory.
Thus Total Opening + Purchases - Closing Inventory = Cost of goods sold
Therefore correct option is, here it is clear that beginning inventory + cost of goods purchased is written, as in option A with same factors there is negative sign in front of cost of goods purchased.
B. beginning inventory cost of goods purchased – ending inventory
