The usual source of journal entries to record the purchase of inventory in the general ledger is
A)Sales invoices updated with cost data from the inventory records department.
B)Purchase invoices updated with cost data from the inventory records department.
C)Bid quotes updated with cost data from the inventory records department.
D)Receiving reports updated with cost data from the accounts payable department.

Question

Quizplus · Accepted Answer

The Answer of The usual source of journal entries to record the purchase of inventory in the general ledger is
A)Sales invoices updated with cost data from the inventory records department.
B)Purchase invoices updated with cost data from the inventory records department.
C)Bid quotes updated with cost data from the inventory records department.
D)Receiving reports updated with cost data from the accounts payable department.

The Usual Source of Journal Entries to Record the Purchase