每日一练F3 答案回复可见 statements, following, business, records

小果子

A business had an opening inventory of $180,000 and a closing inventory of $220,000 in its financial statements
for the year ended 31 December 2005.
Which of the following entries for these opening and closing inventory figures are made when completing the
financial records of the business?
                                                                                   Debit                Credit
                                                                                       $                      $
A Inventory account                                                 180,000
        Income statement                                                                       180,000
Income statement                                                     220,000
       Inventory account                                                                         220,000
B Income statement                                                 180,000
       Inventory account                                                                         180,000
Inventory account                                                     220,000
       Income statement                                                                          220,000
C Inventory account                                                   40,000
       urchases account                                                                         40,000
D Purchases account                                                 40,000
      Inventory account                                                                            40,000
The following information is relevant for questions 24 and 25

B