Solved

Select the Following Accounts Would Be Included in the Chart

Question 205

Matching

select the following accounts would be included in the chart of accounts of a merchandising company using the (a) periodic inventory system, (b) perpetual inventory system, or (c) both systems?

Premises:
Delivery Expense
Purchases Discounts
Sales
Freight In
Purchases
Inventory
Cost of Goods Sold
Responses:
periodic inventory system
perpetual inventory system
both systems

Correct Answer:

Delivery Expense
Purchases Discounts
Sales
Freight In
Purchases
Inventory
Cost of Goods Sold
Related Questions

Q200: During the current year, merchandise is sold

Q201: Marshall Supplies is a janitorial supply store

Q202: Using the following data taken from Payton

Q203: Using the following data taken from Hsu's

Q204: Abbey Co. sold merchandise to Gomez Co.

Q206: Journalize the following transactions for the Evans

Q207: On March 15, Monroe Sales sells $9,525.00

Q208: Using the following data taken from Hsu's

Q209: Journalize the following transactions assuming the perpetual

Q210: Using the list of accounts below, construct

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents