What Account Is Debited When Goods Are Sold

question 151

Multiple Choice

What account is debited when goods are sold?

• A)cost of goods sold
• B)finished goods
• C)work in process
• D)accounts payable

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Definitions:

Conscientiousness

A personality trait marked by thoroughness, carefulness, and the propensity to plan and organize tasks effectively.

Serotonin

A neurotransmitter that has a key role in stabilizing mood, feelings of well-being, and happiness, as well as impacting various body functions including the regulation of sleep.

Impulsivity

A personality trait characterized by the tendency to act on a whim, displaying behavior without adequate thought or consideration of the consequences.

Neuroticism

A personality trait characterized by a tendency to experience negative emotions such as anxiety, anger, or depression more easily than others.