Question
When the net realizable value of inventory is lower than its cost, the required journal entry will include a: a. credit to cost of goods
When the net realizable value of inventory is lower than its cost, the required journal entry will include a:
a. credit to cost of goods sold.
b. credit to cash.
c. debit to merchandise inventory.
d. debit to cost of goods sold.
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Security Audit And Control Features SAP ERP
Authors: Deloitte Touche Tohmatsu Research Team And Isaca
3rd Edition
1604201150, 978-1604201154
