Under the perpetual inventory system,which of the following accounts would NOT be used?
A) Sales
B) Purchases
C) Cost of Goods Sold
D) Merchandise Inventory
Correct Answer:
Verified
Q9: The journal entry to record the purchase
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Q11: Office Supplies bought on account were returned
Q12: The journal entry to record the return
Q13: In a perpetual inventory system:
A)Merchandise Inventory is
Q13: The perpetual inventory system is a system
Q15: A customer returned merchandise that had been
Q16: Which of the following accounts is used
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Q19: Under the perpetual inventory method,merchandise inventory is
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