Which of the following financial statement line items require queries that encompass duality relationships?
A) Net Sales on an Income Statement
B) Accounts Receivable on a Balance Sheet
C) Cost of Goods Sold on an Income Statement
D) Inventory on a Balance Sheet
E) Wages Expense on an Income Statement

Question

Quizplus · Accepted Answer

Accounts Receivable on a Balance Sheet involves duality relationships as it reflects both the revenue earned and the cash to be received, linking the income statement and balance sheet.

Which of the Following Financial Statement Line Items Require Queries