Which of the following accounts would not be affected by a credit sale?
A) Inventory
B) Cost of Goods Sold
C) Cash
D) Sales Revenue

Question

Quizplus · Accepted Answer

A credit sale means that the sale is made on credit, meaning that the customer does not immediately pay in cash. Therefore, cash is not affected by the credit sale. However, the other accounts are impacted: Inventory is reduced, Cost of Goods Sold increases, and Sales Revenue increases.

Which of the Following Accounts Would Not Be Affected by a Credit