The amount shown in the balance sheet debit column of worksheet for Merchandise Inventory is:
A) the Cost of Goods Sold.
B) net purchases + beginning merchandise inventory.
C) the ending inventory.
D) the beginning inventory.

Question

Quizplus · Accepted Answer

The amount shown in the balance sheet debit column for Merchandise Inventory is the ending inventory, as it reflects the current value of inventory that the business has on hand at the end of the accounting period.

The Amount Shown in the Balance Sheet Debit Column of Worksheet