question archive What account(s) does an Inventory item post to? A) It just posts to the Inventory account when purchased and posting the sales account when sold B) It posts the inventory asset account when purchased, then posts both to the income and cost of goods sold account when sold
What account(s) does an Inventory item post to? A) It just posts to the Inventory account when purchased and posting the sales account when sold B) It posts the inventory asset account when purchased, then posts both to the income and cost of goods sold account when sold
Subject:BusinessPrice: Bought3
What account(s) does an Inventory item post to?
A) It just posts to the Inventory account when purchased and posting the sales account when sold
B) It posts the inventory asset account when purchased, then posts both to the income and cost of goods sold account when sold.
C) It posts to the Inventory Account Report
D) None of the Above
