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?
- Net sales
- Purchase returns
- Cost of goods sold
- Owner's equity
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
1259259803, 978-1259259807
