Under the perpetual inventory system, the number of accounting entries required to record a credit sale is:

Name: Under the perpetual inventory system, the number of accounting entries required to record a credit sale is:
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Under perpetual inventory system, two entries are required to record a credit sale - one for the sale itself and the other to record the decrease in inventory. In addition, a third entry may be required to record the receipt of payment from the customer.

Under the Perpetual Inventory System, the Number of Accounting Entries