The entry to close Cost of Goods Sold includes

a. debiting Income
Summary and crediting Cost of Goods Sold; b. debiting Cost of Goods
Sold and crediting Income Summary; c. debiting Retained Earnings and
crediting Cost of Goods Sold; d. debiting Cost of Goods Sold and crediting Retained Earnings; e. debiting Sales and crediting Cost of Goods Sold

A

Business

You might also like to view...

According to PRIZM, the ________ cluster is characterized by retired singles and couples, living on downscaled incomes in pre-1960 homes and apartments, who enjoy gardening, sewing, socializing at veterans clubs, and eating out at casual restaurants

A) old milltowns B) young digerati C) winner's circle D) beltway boomers E) cosmopolitans

Business

What was the initial goal of the World Bank?

A) administer the gold standard B) hold financial reserves for all countries C) finance reconstruction of war-torn economies D) provide capital for corporate expansion activities

Business