Question
if a company uses the periodic inventory system, purchase of merchandise are: a/ credited to merchandise inventory b/ credited to sales c/ debited to purchases
if a company uses the periodic inventory system, purchase of merchandise are:
a/ credited to merchandise inventory
b/ credited to sales
c/ debited to purchases
d/ debited to merchandise inventory
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Financial Accounting Tools For Business Decision Making
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
8th Edition
1119316022, 978-1119316022
