When does the cost of inventory become an expense?
A: When inventory is purchased from the supplier.
B: When cash is collected from the customer.
C: When payment is made to the supplier.
D: When inventory is delivered to a customer.
A: When inventory is purchased from the supplier.
B: When cash is collected from the customer.
C: When payment is made to the supplier.
D: When inventory is delivered to a customer.
举一反三
- When a customer purchases merchandise inventory from a business organization, he may be given a discount, which is designed to induce prompt payment. Such a discount is called the . ( ) A: trade discount B: nominal discount C: enhancement discount D: cash discount
- The cost of inventory is relevant when deciding whether to dispose of the inventoryin cases of obsolescence.
- When products are completed, A: Finished Goods Inventory is credited. B: Work in Process Inventory is credited. C: Cost of Goods Sold is debited. D: Work in Process Inventory is debited.
- When he starts drinking, he can become an ugly customer. 中的an ugly customer 指”粗暴的人“()
- When we make an enquiry, we will surely receive a response from the customer.