Which of the Following Is an Appropriate Journal Entry to Recognise

question 20

Multiple Choice

Which of the following is an appropriate journal entry to recognise inventory items that have been lost?

• A)
• DR Inventory(asset)
• CR Provision for inventory losses (liability);
• B)
• DR Inventory losses (expense)
• CR Inventory (asset);
• C) DR Cost of sales (expense)
• CR Inventory (asset);
• D)
• DR Provision for Inventory losses (liability)
• CR Inventory (asset).

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Definitions:

Expression

An expression in mathematics is a combination of symbols, numbers, and/or variables that represents a quantity or a relationship but does not include an equality or inequality symbol.

Rules Of Exponents

Mathematical rules that govern the operations on numbers with exponents, such as multiplication and division of powers.

Expression

A mathematical phrase that can contain numbers, variables, and operation symbols but not an equality sign.

X

In mathematics, "X" is commonly used to represent an unknown quantity or variable in equations and expressions.