Mary Monitor CPA Noted That ABC Co

question 18

Multiple Choice

Mary Monitor CPA noted that ABC Co.Ltd.received goods prior to year-end and properly included them in the physical count of ending inventory.However,CPA did not record the purchase in the accounting records.In this case,which of the following adjustments should be made?

• A)Debit Purchases,credit Cost of Goods Sold.
• B)No adjustment is necessary.
• C)Debit Inventory,credit Accounts Payable.
• D)Debit Cost of Goods Sold,credit Accounts Payable.

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Definitions:

Soft Tissue

Refers to tissues in the body that connect, support, or surround other structures and organs, excluding bones and cartilage.

Medulla

A part of the brainstem that controls vital bodily functions such as heart rate, breathing, and blood pressure.

Brainstem

The part of the brain that connects the cerebrum with the spinal cord and controls vital functions such as breathing, heart rate, and blood pressure.

Heartbeat

The rhythmic contraction and expansion of the heart, often considered as the pulse, which circulates blood throughout the body.