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What account is debited when inventory is sold ( journal entry to decrease inventory)?
Cost of goods sold
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Question & Answer: What account is debited when inventory is sold ( journal entry to decrease inventory)? Cost of goods sold…..
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Merchandise Inventory
Supplies
Accounts Payable
Expert Answer
journal entry to decrease inventory is
Cost of goods sold debited
Merchandise Inventory credited
So the option is A.cost of goods sold
