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:

Sangoma

A traditional healer or shaman in South African cultures, known for their ability to communicate with ancestors, use herbal medicine, and perform rituals to heal physical or spiritual ailments.

Muthi

Traditional African medicine and magic, often involving the use of herbal remedies and ancestral spirits.

Supernatural Powers

Abilities or phenomena that are beyond the laws of physics or nature, often attributed to paranormal or magical sources.

Malicious Purposes

Intentions or actions aimed at causing harm or damage to others, often for personal gain or to inflict suffering.