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:

Warm Currents

Oceanic water movements that transfer heat from tropical to polar regions, influencing climate and weather patterns.

Precipitation

Any form of water, such as rain, snow, sleet, or hail, that falls from the atmosphere to the Earth's surface.

Curved Ridges

Natural elevations or landforms that form a curved or arc-shaped pattern, typically the result of tectonic, erosional, or volcanic activities.

Glacier

A large, slow-moving mass of ice, formed by the accumulation and compaction of snow, which shapes the landscape as it flows.