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When a retail merchandising business sells goods to a customer the amount of the sold merchandise is credited to the merchandise inventory account
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When a retail merchandising business sells goods to a customer the amount of the sold merchandise is credited to the merchandise inventory account

User Fassl
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Answer: False

Step-by-step explanation:

The revenue account for a Retail Merchandising Business is also known as the Sales Account.

When goods are sold they are credited to the Sales Account and it is no different here.

Therefore, When a Retail Merchandising Business sells goods to a customer the amount of the sold merchandise is credited to the Sales Account which makes the above statement false.

User Stefan Musarra
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