A-LevelAccountingAccounting for non-current assets9706/12 · Feb/Mar 2016 · Q101 Mark
A computer used for demonstration to customers was treated as capital expenditure. At the end of the year a customer purchased the computer in the ordinary course of business. Which entries are needed to adjust the cost of sales? account to be debited account to be credited A inventory demonstration equipment B purchases demonstration equipment C sales inventory D selling expenses sales
Ainventory demonstration equipment
Bpurchases demonstration equipment
Csales inventory
Dselling expenses sales
✓ Correct answer
B: purchases demonstration equipment
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