Under a perpetual perform system, salvation of merchandise for resale is debited to the a. Merchandise inventory account. B. Purchases account. C. Gives account. D. Cost of products Sold account.

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Under a perpetual list system, salvation of merchandise because that resale is debited to the a. Merchandise inventory account. B. Purchase account. C. Provides account. D. Cost of goods Sold account.
Under a perpetual inventory system, acquisition of was is debited come the a. Merchandise perform account. B. Price of items Sold account. C. Purchase account. D. Accounts Payable account.

Description : Under a perpetual inventory system, acquisition of merchandise is debited come the a. Merchandise inventory account. B. Expense of items Sold account. C. Purchase account. D. Accounts Payable account.

Last prize : a. Merchandise perform account.

1 answer
he newspaper entry to record a return that merchandise purchase on account under a perpetual inventory system would incorporate a. Accounts Payable Sales Returns and Allowances b. Purchase Returns and also Allowances accounts Payable c. Accounts Payable inventory d. Goods Inventory expense of products Sold

Description : he journal entry to record a return of merchandise purchase on account under a perpetual inventory device would encompass a. Accounts Payable Sales Returns and also Allowances b. Acquisition Returns and ... Account Payable c. Accounts Payable list d. Was Inventory cost of items Sold

Last price : d. Was Inventory price of products Sold

1 answer
In a perpetual list system, a return of defective was by a cash customer is tape-recorded by crediting a. Account Payable and Cash. B. Merchandise Inventory and also Cost of goods Sold c. Purchase Returns and also Allowances and also Merchandise Inventory. D. .Cash and Cost of items Sold.

Description : In a perpetual list system, a return of defective was by a cash customer is taped by crediting a. Accounts Payable and Cash. B. Merchandise Inventory and Cost of goods Sold c. To buy Returns and Allowances and also Merchandise Inventory. D. .Cash and Cost of items Sold.

Last prize : d. .Cash and also Cost of products Sold.

1 answer
In a perpetual inventory system, the cost of items Sold account is supplied a. Only as soon as a cash revenue of merchandise occurs. B. Only once a credit sale of merchandise occurs. C. Only once a sale of goods occurs. D. Whenever over there is a revenue of merchandise or a return of goods sold.

Description : In a perpetual list system, the cost of products Sold account is offered a. Only when a cash revenue of merchandise occurs. B. Only as soon as a credit transaction sale of goods occurs. C. Only as soon as a sale of merchandise occurs. D. Whenever there is a sale of merchandise or a return of merchandise sold.

Last prize : b. Only when a credit transaction sale of was occurs.

1 answer
When a regular inventory mechanism is used, expense of goods sold is calculated together follows: a. Ending inventory plus purchases less beginning inventory. B. Start inventory to add purchases less ending inventory c. Cost of merchandise purchased less ending inventory. D. Price of merchandise offered plus beginning inventory.

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Description : when a regular inventory system is used, expense of products sold is calculated together follows: a. Ending inventory to add purchases less start inventory. B. Start inventory add to purchases less ... The merchandise to buy less finishing inventory. D. Cost of merchandise offered plus start inventory.