In a perpetual inventory system, a merchandiser will record the purchase of individual inventory items in a (an) ____________ account.
A) control
B) subsidiary
C) expense
D) general ledger

Question

Quizplus · Accepted Answer

In a perpetual inventory system, the purchase of individual inventory items is recorded in a subsidiary account, which tracks the details of inventory transactions separately from the summary totals in the general ledger.

In a Perpetual Inventory System, a Merchandiser Will Record the Purchase