Which of 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??
(1) Purchases
(2) Merchandise Inventory
(3) Sales
(4) Purchases Discounts
(5) Cost of Merchandise Sold
(6) Freight In
(7) Delivery Expense

Question

Which of 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??
(1) Purchases
(2) Merchandise Inventory
(3) Sales
(4) Purchases Discounts
(5) Cost of Merchandise Sold
(6) Freight In
(7) Delivery Expense

Quizplus · Accepted Answer

The Answer of Which of 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??
(1) Purchases
(2) Merchandise Inventory
(3) Sales
(4) Purchases Discounts
(5) Cost of Merchandise Sold
(6) Freight In
(7) Delivery Expense

Which of the Following Accounts Would Be Included in the Chart