Question
The entry to record the company's cost of selling merchandise under a perpetual inventory system would be a: a. debit to Cost of Goods Sold
The entry to record the company's cost of selling merchandise under a perpetual inventory system would be a:
a. debit to Cost of Goods Sold and a credit to Inventory.
b. debit to Cost of Goods Sold and a credit to Sales.
c. debit to Accounts Receivable and a credit to Sales.
d. debit to Inventory and a credit to Cost of Goods Sold.
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Auditing
Authors: David Ricchiute
8th Edition
0324226292, 978-0324226294
