Author Question: This account is debited in a periodic inventory system, when goods are bought for resale. a. ... (Read 107 times)

Sportsfan2111 · **on:** Jul 6, 2018

This account is debited in a periodic inventory system, when goods are bought for resale.
a. Merchandise Inventory
b. Purchases
c. Purchase Discounts
d. Sales

Question 2

Capital assets are not reported

a. in governmental activities.
b. in business-type activities.
c. in Internal Service Funds.
d. the Enterprise Funds.
e. in the General Fund.
f. in either items c or e.