A client uses a periodic inventory system. Would one expect a credit to which of the following accounts at the point of sale? $$\begin{array} { | l | c | c | }
\hline & \text { Sales } & \text { Inventory } \
\hline \text { A. } & \text { Yes } & \text { Yes } \
\hline \text { B. } & \text { Yes } & \text { No } \
\hline \text { C. } & \text { No } & \text { Yes } \
\hline \text { D. } & \text { No } & \text { No } \
\hline
\end{array}$$

Question

A client uses a periodic inventory system. Would one expect a credit to which of the following accounts at the point of sale? $$\begin{array} { | l | c | c | } 
\hline & \text { Sales } & \text { Inventory } \
\hline \text { A. } & \text { Yes } & \text { Yes } \
\hline \text { B. } & \text { Yes } & \text { No } \
\hline \text { C. } & \text { No } & \text { Yes } \
\hline \text { D. } & \text { No } & \text { No } \
\hline
\end{array}$$

Quizplus · Accepted Answer

In a periodic inventory system, sales are recorded with a credit to the Sales account, but the Inventory account is not updated at the point of sale.

A Client Uses a Periodic Inventory System A) Option a B) Option B C) Option C D)

A Client Uses a Periodic Inventory System A) Option a
B) Option B
C) Option C
D)