Which of the Following Accounts Would Appear on the Inventory

question 111

Multiple Choice

Which of the following accounts would appear on the inventory purchases budget and pro forma balance sheet?

• A) Cost of goods sold
• B) Sales revenue
• C) Accounts receivable
• D) Accounts payable

---

Definitions:

Future Sales Revenue

The anticipated income a company expects to receive from its future sales activities.

Customer Number

A unique identifier assigned to each customer for the purpose of tracking transactions and accounts in a business's record system.

Transaction

An agreement or exchange between two parties that results in the transfer of goods or services for monetary value.

Business

An organization or enterprise engaged in commercial, industrial, or professional activities, aiming to generate profits through providing goods or services.