One difference in the Sales Journal between the perpetual and periodic systems is
A)The addition of a sales tax payable column.
B)The deletion of a sales tax payable column.
C)The column to record cost of goods sold and inventory amounts sold.
D)The column to record cost of goods sold and inventory amounts sold and the deletion of a sales tax payable column.
E)The column to record cost of goods sold and inventory amounts sold and the addition of a sales tax payable column.

Question

Quizplus · Accepted Answer

In a perpetual inventory system, the Sales Journal includes a column to record the cost of goods sold and inventory amounts sold, which is not present in a periodic system.

One Difference in the Sales Journal Between the Perpetual and Periodic