The Merchandise Inventory account balance at the end of one period is equal to the amount of beginning merchandise inventory for the next period.

Name: The Merchandise Inventory account balance at the end of one period is equal to the amount of beginning merchandise inventory for the next period.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

This statement is true. The ending merchandise inventory balance is carried forward as the beginning merchandise inventory balance for the next accounting period.

The Merchandise Inventory Account Balance at the End of One