In recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is debit Cost of Goods Sold; credit Inventory.
<h3>What are inventory?</h3>
Inventory include taken records of goods that are sold and the once that are available.
For goods that are sold they are removed from the available goods including the cost and added to the inventory as sold.
Therefore, In recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is debit Cost of Goods Sold; credit Inventory.
Learn more on inventory below,
brainly.com/question/24868116
#SPJ12
Answer:
perfectly inelastic
Explanation:
A supply of the product is considered to be perfectly inelastic in situations whereby the changes in the price of a commodity do not affect the quantity supplied, then such a supply curve is termed as perfectly inelastic. It is often depicted as a vertical line at the quantity supplied against all the prices in a graphical representation form.
Hence, If the quantity supplied is the same regardless of price then the supply curve would be: PERFECTLY INELASTIC
Answer:
The credit period is the number of days that a customer is allowed to wait before paying an invoice
Explanation:
This indicates the amount of working capital that a business is willing to invest in its accounts to generate sales
A. Knowing how to prioritize
