Saturday, October 10, 2020

Using a perpetual inventory system, the sale of inventory on account is recorded with a:

Using a perpetual inventory system, the sale of inventory on account is recorded with a:



A) Debit to Cost of Goods Sold.

B) Credit to Inventory.

C) Credit to Sales Revenue.

D) All of the other answers are recorded with the sale of inventory on account.


Answer: D

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