Which journal would the company use to record the correction of the error in inventory?

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06-09-2022
Business

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Which journal would the company use to record the correction of the error in inventory?

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vtamit3 vtamit3 · Answer 1 · 2022-09-13T10:57:46+02:00

It is the sales journal that has been used by a company to record the correction of the error in inventory. Hence, Option A is correct.

What is the error in inventory?

Before one can understand what an error in inventory is, one must first understand what inventory is. "Inventory" is a term used in commerce to announce which goods and materials a business has on hand.

The ultimate goal of this inventory is to resell this product and utilize the money that one gets from selling it. When a company makes any kind of mistake in recording, the correction of inventory will be made in the sales journal.

Thus, option A is correct.

Learn more about inventory from here:

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The complete question is attached in text form:

Which journal would the company use to record the correction of the error in inventory? A. sales journal. B. purchases journal. C. cash receipts journal.