The words "on account" or the presence of credit terms indicates that purchase or sale was made for cash.
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Q5: Under a perpetual inventory system the cost
Q21: When goods are shipped FOB Destination, the
Q22: FOB Shipping Point means the buyer pays
Q23: If the terms are FOB Shipping Point,
Q26: In a cash purchase of inventory, the
Q27: When goods are shipped FOB Shipping Point,
Q28: The seller's entry for a purchase return
Q29: The terms 2/10 n/30 state that a
Q29: The seller's entry to record a purchase
Q30: When goods are shipped FOB Shipping Point,
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