Which of the following accounts would not appear on the financial statements of a retailer that does NOT issue its own private label credit card?
A) Merchandise Inventory
B) Cash and Cash Equivalents
C) Merchandise Sales
D) Credit Card Receivable

Question

Quizplus · Accepted Answer

The retailer does not issue its own private label credit card, so it would not have a credit card receivable account on its financial statements. The other accounts listed are relevant to a retailer's financial statements regardless of whether or not it issues a private label credit card.

Which of the Following Accounts Would Not Appear on the Financial