1. Using a perpetual inventory systems, 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

2. Using a perpetual inventory system, the purchase of inventory is recorded with a:

a) Debit to Inventory

b) Debit to Cost of Goods Sold

c)Credit to Sales Revenue