There is no specific disadvantage in dealing odd lots
Indicate whether the statement is true or false
TRUE
Business
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A company receives $88, of which 8 is for sales tax. The journal entry to record the sale would include a
A. debit to Sales Tax Expense for $8 B. credit to Sales Tax Payable for $8 C. debit to Sales for $88 D. debit to Cash for $80
Business
________ is an inventory record system that keeps a continuous account of transactions as they
occur: A) Two-bin system B) Safety stock system C) Perpetual inventory system D) Periodic inventory system E) All of the above keep a continuous account.
Business