Question

if a business purchases items to sell during the year, the cost of any items that are not used or consumed are reflected

Answer 1

"On the end of the year balance sheet" is the right response.

Step-by-step explanation:

• If a company is buying goods to sell and even certain merchandise remains unsold might become a component of storage again for the corporation.
• That balance of supply remains displayed on either the reserves side underneath current assets on what's on the ending accounting records and then this amount will be carried forward to that day.