The Following Accounts Are Included in the Ledger of Bainbridge

question 205

Essay

The following accounts are included in the ledger of Bainbridge Company:
Advertising expense
Freight-in
Inventory
Purchases
Purchase returns and allowances
Sales revenue
Sales returns and allowances
Which of the accounts would be included in calculating cost of goods sold?

---

Definitions:

Market Research

The activity of gathering information about consumers' needs and preferences to identify market trends and potential areas of opportunity for businesses.

Small Businesses

Enterprises characterized by a small number of employees, limited revenue, and usually independently owned and operated.

Primary Means

Refers to the main or most important methods or resources available for a specific purpose.

Diversity

The inclusion and representation of different types of people and viewpoints in a group or organization, encompassing aspects like race, gender, age, religion, and more.