After both of the entries for the inventory adjustment have been posted,the debit in the Income Summary account represents:
A) Net Income
B) Ending Inventory
C) Beginning Inventory
D) Cost of Goods Sold

Question

Quizplus · Accepted Answer

The Answer of After both of the entries for the inventory adjustment have been posted,the debit in the Income Summary account represents:
A) Net Income
B) Ending Inventory
C) Beginning Inventory
D) Cost of Goods Sold

After Both of the Entries for the Inventory Adjustment Have