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:

Protein Substance

A type of biological molecule composed of one or more chains of amino acids, critical for the structure, function, and regulation of the body's tissues and organs.

Scar

The fibrous tissue that replaces normal skin after an injury or surgical incision as part of the healing process.

BCC

Basal Cell Carcinoma, a common form of skin cancer that begins in the basal cells.

Chronic Skin Condition

A long-lasting or recurrent issue affecting the skin, like eczema or psoriasis.