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kondaur [170]
3 years ago
6

When a retail merchandising business sells goods to a customer the amount of the sold merchandise is credited to the merchandise

inventory account
Business
1 answer:
Ghella [55]3 years ago
8 0

Answer: False

Explanation:

The revenue account for a Retail Merchandising Business is also known as the Sales Account.

When goods are sold they are credited to the Sales Account and it is no different here.

Therefore, When a Retail Merchandising Business sells goods to a customer the amount of the sold merchandise is credited to the Sales Account which makes the above statement false.

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$8,800 favourable

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If a person has money invested at 9 percent and the rate of inflation is 5 percent, how much return are they actually making on
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