Question
Vern uses a perpetual inventory method at his store.This means that purchases are debited to his merchandise inventory. Which of the following is credited to
Vern uses a perpetual inventory method at his store.This means that purchases are debited to his merchandise inventory.
Which of the following is credited to his merchandise inventory?
- Owner's equity
- Cost of goods sold
- Net sales
- Purchase returns
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
