Which of the following journal entries is not consistent with the use of a perpetual inventory system?
A) Inventory
$\quad $ Accounts payable
B) Cost of goods sold
$\quad $ Inventory
C) Purchases
$\quad $ Accounts payable
D) Accounts receivable
$\quad $ Sales revenue

Question

Quizplus · Accepted Answer

In a perpetual inventory system, purchases are directly recorded in the Inventory account, not in a Purchases account.

Which of the Following Journal Entries Is Not Consistent with the Use