Under a periodic inventory system, closing entries will include
A) debits to Sales, Purchases Returns and Allowances, and Purchases Discounts
B) credits to Purchases and Sales Discounts
C) adjustments to Merchandise Inventory to match physical inventory
D) All of these choices

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The Answer of Under a periodic inventory system, closing entries will include
A) debits to Sales, Purchases Returns and Allowances, and Purchases Discounts
B) credits to Purchases and Sales Discounts
C) adjustments to Merchandise Inventory to match physical inventory
D) All of these choices

Under a Periodic Inventory System, Closing Entries Will Include