If the Physical Count of Inventory Is More Than the Amount

question 37

Multiple Choice

If the physical count of inventory is more than the amount on the accounting records, what account is debited?

• A)Merchandise Inventory
• B)Cost of Goods Sold
• C)Sales
• D)Misc.Expense

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Definitions:

Design Defects

Flaws in a product's design that render it unsafe or ineffective, leading to potential harm or failure in usage.

Manufacturing Defects

Flaws or imperfections in a product resulting from the manufacturing process, which can affect usability, appearance, or safety.

Marketing Defects

Flaws in how a product is marketed, such as misleading information or incorrect target market identification, that can affect sales and reputation.

Digital Signatures

Electronic signatures that use cryptographic techniques to authenticate the identity of the signer and ensure the integrity of the signed document.