The Entries to Record Cost and Sale of a Finished

question 21

Multiple Choice

The entries to record cost and sale of a finished good on account is:

• A) debit Cost of Goods Sold, credit Finished Goods
• B) debit Cost of Goods Sold, credit Finished Goods, debit Accounts Receivable, credit Sales
• C) debit Sales Expense, credit Finished Goods, credit Cash, credit Accounts Receivable
• D) debit Work in Process, credit Finished Goods, debit Accounts Receivable, credit Sales

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Definitions:

Efficacy

The ability to produce a desired or intended result, often used in the context of medications or treatments.

Accepted Treatment

Medical procedures or therapies that are widely recognized and approved by healthcare professionals and authorities for treating specific conditions.

Ethically

Acting in ways that are morally right and in accordance with principles of conduct governing an individual or group.

Experimental Treatment

A new or untested medical intervention or drug being studied to evaluate its effectiveness and safety.