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When finished products are sold, Sales Revenue is debited, and Cost of Goods Sold is credited.
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When finished products are sold, Sales Revenue is debited, and Cost of Goods Sold is credited.
When finished products are sold, Sales Revenue is debited, and Cost of Goods Sold is credited.
A) True
B) False
Textbook
Horngren's Financial & Managerial Accounting, The Financial Chapters
Edition:
5
th
Authors:
Miller-Nobles, Mattison, Matsumura
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Makes perfect sense, thx
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