Which one of the following will not be found on the balance sheet of a manufacturing company?
A) cost of goods sold
B) materials
C) work in process
D) finished goods

Question

Quizplus · Accepted Answer

Cost of goods sold is an expense account that is not found on the balance sheet. It is instead reported on the income statement to reflect the cost of producing and selling goods. Materials, work in process, and finished goods are all accounts that can be found on the balance sheet of a manufacturing company.

Which One of the Following Will Not Be Found on the Balance