Which account balance is NOT used to compute the cost of goods sold? a.Merchandise Inventory b.Purchases c.Sales d.Purchases Discounts

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 8MC: Which of the following is not included when computing Net Purchases? A. purchase discounts B....
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Which account balance is NOT used to compute the cost of goods sold?

a.Merchandise Inventory
b.Purchases
c.Sales
d.Purchases Discounts
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