When a Merchandiser Sells on Account, Which of the Following

question 35

Multiple Choice

When a merchandiser sells on account, which of the following accounts is NOT needed to record the transaction?

• A)Cost of Goods Sold
• B)Accounts Receivable
• C)Inventory
• D)Cash

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Definitions:

Magnetic Field

An invisible field around magnetic materials where magnetic forces are exerted.

Radio Waves

Electromagnetic waves with wavelengths longer than infrared light, used for communication over long distances, such as in radio and television broadcasting.

Internal Body Structures

The organs and tissues within the body that perform essential functions for life.

X-rays

A form of electromagnetic radiation used in medical imaging to create pictures of the inside of the body, especially bones.