Merchandise purchased for resale under the perpetual inventory method is added to:
A) Merchandise Inventory.
B) Sales.
C) Purchases.
D) Supplies Expense.

Name: Merchandise purchased for resale under the perpetual inventory method is added to: A) Merchandise Inventory. B) Sales. C) Purchases. D) Supplies Expense.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Under the perpetual inventory method, merchandise purchased for resale is directly added to the Merchandise Inventory account, reflecting the current inventory levels at all times.

Merchandise Purchased for Resale Under the Perpetual Inventory Method Is