In a periodic inventory system, the cost of inventories sold is:
A) Debited to accounts receivable.
B) Credited to cost of goods sold.
C) Debited to cost of goods sold.
D) Not recorded at the time goods are sold.

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The Answer of In a periodic inventory system, the cost of inventories sold is:
A) Debited to accounts receivable.
B) Credited to cost of goods sold.
C) Debited to cost of goods sold.
D) Not recorded at the time goods are sold.

In a Periodic Inventory System, the Cost of Inventories Sold