What Account Is Credited When Goods Are Sold

question 60

Multiple Choice

What account is credited when goods are sold?

• A) Accounts receivable
• B) Cost of Goods Sold
• C) Finished Goods
• D) Raw materials
• E) Work-in-process

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Definitions:

Adrenal Gland

A pair of endocrine glands located above the kidneys, producing hormones such as adrenaline and steroids, affecting metabolism, blood pressure, and stress response.

Thyroid Gland

The thyroid gland is an endocrine gland located in the neck, producing hormones that regulate metabolism, growth, and development.

Environmentally Influenced

Describes traits or behaviors that are affected by environmental factors rather than strictly genetic ones.

Learned Behavior

Refers to behaviors acquired through experience or observation and not based on instinct or innate nature.