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According to the following entries, under a Perpetual Inventory system, when we sell on credit some products, the accounting entry in the Jornal General is
According to the following entries, under a Perpetual Inventory system, when we sell on credit some products, the accounting entry in the Jornal General is
(A) Dr. Account Receivable / Cr. Sales
Cost of Good Sold / Merchandise Inventory
(B) Dr. Account Receivable / Cr. Sales
Merchandise Inventory / Cost of good Sold
(C) Dr. Account Receivable / Cr. Sales
(D) Dr. Account Receivable / Cr. Merchandise Inventory
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