Question: Which account CANNOT be linked to an inventory item? Variance Revenue Asset COGS Bank

Which account CANNOT be linked to an inventory item?
Variance
Revenue
Asset
COGS
Bank

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Hi Katrina, I have another accounting problem I need your help with. It's similar to the one you did on 4/4/2016. The due date for this one will be 4/10/2016, Will you be able to help? See below...

Q:

Hi Katrina, I have another accounting problem I need your help with. It's similar to the one you did on 4/4/2016. The due date for this one will be 4/10/2016, Will you be able to help? See below...

Q:

Wednesday, November 18, 2026 . Caught up on outstanding undeposited funds and saw a deposit to the bank for all credit card and debit card purchases outstanding. Total deposit: $1,152.60. . The order...

Q:

Thursday, November 19, 2026 Melanie applied for, and received, a line of credit, other current liability, that needs to be set up in the ledger. Wrote cheque 10047 to Special Events Superstore to...

Q:

A company which sells goods to customers is known as a A) proprietorship. B) corporation. C) merchandising company. D) service company. Q 65 Which of the following companies would NOT be considered a...

Q:

Account 2018 2019 Cash 170,000 200,000 Inventory 625,000 (250,000) Common Stock 750,000 Bank Loan Payable 50,000 Interest Expense (5,000) (5,000) Accounts Payable (250,000) SG&A Expense 355,000 PP &E...

Q:

Question 1 (5 points) A is an obligation for a receivable, bank receivable, business credit transaction, business payable, business Question 2 ( 3 points) Debits (dr) record all of the money flowing...

Q:

Final Project 2 Computerized Accounting with Sage 50 Level 2 SI2O Copyright 2022 Project Code: SI1O v7-0 Project 2 Released: July 2012 Revised: January 20, 2022 Computerized Accounting with Simply...

Q:

Computerized Accounting with Sage 50 Level 2 The Dog House INTRODUCTION This project will test your understanding of the Sage 50 Accounting application and your ability to apply the features of this...

Q:

40. To reconcile a credit card receivable account you must a. assign the Bank class to the receivable account b. choose to save transactions for account reconciliation in the ledger record for the...

Q:

Beckett Companys balance sheet shows Inventories $162,800. What additional disclosures should be made?

Q:

1. This assignment deals with the subject of partnerships and partnership accounting. While the accounting is relatively straight forward, the subject is partnerships themselves can be very...

Q:

2 Work out the value of p q when p = 15 and q = 3

Q:

Pharoah Company reported the following amounts for 2022: Raw materials purchased $95,200 Beginning raw materials inventory 5,824 Ending raw materials inventory 5,040 Beginning finished goods...