In a perpetual inventory system, recording a sale on account involves crediting which
A.Only sales.
B.Sales and inventory.
C.Sales and cost of goods sol
D.Sales, inventory, and cost of goods sol
E.
A.Only sales.
B.Sales and inventory.
C.Sales and cost of goods sol
D.Sales, inventory, and cost of goods sol
E.
The passage is mainly about ______.
A.the biological system of a living organism
B.the inventors of sandwich and hamburger
C.the development of human ceils
D.the changes of a language
Which of the following may be the best title for the passage?
A.When Was the Umbrella Invented
B.The Role of Umbrella in History
C.The Colors and Shapes of Umbrella
D.Who Needed Umbrella First
PERPETUAL:
A.abrupt
B.indolent
C.sporadic
D.instantaneous
E.precursory
The following are true of a perpetual inventory system except that______.
A.in a perpetual inventory system, a continuous record of the quantities and costs of inventory on hand is maintained
B.a perpetual inventory system is more likely to be used when the stock is composed of a large number of relatively low cost items
C.in a perpetual inventory system, purchases of products are debited directly while sales of products are credited to the stock account
D.a perpetual inventory system provides a better control over stock
A. FIFO.
B. LIFO.
C. specific identification.
When the perpetual inventory system is used, the inventory sold is debited to ()
A. supplies expense
B. cost of merchandise sold
C. merchandise inventory
D. sales
We lived for years in a perpetual state of fear.
A.emotional
B.nervous
C.terrible
D.continuous
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