A company purchased inventory for $400 per unit. The inventory was marked up to sell for $600 per unit. The entry to record the sale of a unit of inventory would include debits to which of the following accounts?
A. Sales, $600; Inventory, $400
B. Cash, $600; Cost of Goods Sold, $400
Cash, $600; Cost of Goods Sold, $600
D. Sales, $400; Inventory, $400
查看答案
In a peroetual inventory system, businesses maintain a continuous record for each inventory item.
A. 对
B. 错
Since the perpetual inventory system continuously updates the inventory account, no physical inventory count is necessary.
A. 对
B. 错
What does “etiquette” mean?
A. the rules of good and polite behavior
B. Saying hello to people
In Asia, people usually ______ when they greet each other.
A. kiss
B. bow