Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. which of the following accounts is not used in

1. Which of the following accounts is NOT used in the closing process under the...

80.2K

Verified Solution

Question

Accounting

image

1. Which of the following accounts is NOT used in the closing process under the periodic inventory system? a. Cost of Goods Sold b. Purchases c. Purchases Discounts d. Estimated Returns Inventory

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Pirate Company produces planks. They are currently considering replacing their fleet of delivery trucks. Replacing the...

Finance
1.2K views

Problem 10-08 A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 25,000 Accounts payable $ 25,000 Accounts receivable 156,000 Long-term debt 103,000 Inventory 79,000 Common stock ($7...

Biology
1.2K views

Create an annotated bibliography where you will locate and summarize 8 scholarly sources related to child development...

Statistics
1.2K views

Assignment Score Question 2 of 11 0 The distribution of bladder volume approximately Normal with...

Calculus
1.2K views

Question 19 1 point Litig O 00 8 ol Use the graph of f x...

Algebra
1.2K views

11 Which system of inequalities is represented in the following graph Oy x 3 or...

Accounting
1.2K views

Create a balance sheet and staement of owners equity from the following information. ...

Accounting
1.2K views

The Coastal Company had revenues of $120,000 in the last fiscal period. The cost-of-goods were...

Accounting
1.2K views

Need help with Chapter 10 accounting cycle project 14e. Lenny's Lawn Service, Inc....

Accounting
1.2K views

The Cutting Department of Cassel Company has the following production and cost data for July....

Accounting
1.2K views

Chapter 3 in Horngren's cost accounting 16th edition textbook A company uses cost-volume-profit analysis...

Accounting
1.2K views

items purchased from a vendor cost $20 each, and the demand forecast for the next...