When merchandise is sold, the cost of merchandise sold (COMS) is a type of ___________ to the business owner. Group of answer choices asset liability expense revenue
When merchandise is sold, the cost of merchandise sold (COMS) is a type of ___________ to the business owner. Group of answer choices asset liability expense revenue
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 2MC: What accounts are used to recognize a retailers purchase from a manufacturer on credit? A. accounts...
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When merchandise is sold, the cost of merchandise sold (COMS) is a type of ___________ to the business owner.
Group of answer choices
asset
liability
expense
revenue
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