This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When using a perpetual inventory system, a business will debit Merchandise Inventory and credit Cost ... (Read 61 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jul 6, 2018
When using a perpetual inventory system, a business will debit Merchandise Inventory and credit Cost of Goods Sold each time a sale is recorded.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Both wholesalers and retailers are types of merchandising companies.
 a. True
   b. False
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

True


gbarreiro

  • Member
  • Posts: 566
Reply 2 on: Jul 6, 2018
:D TYSM

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Lymphatic vessels (green) pick up excess tissue fluid, purify it in lymph nodes, and return it to th Lymphatic vessels (green) pick up excess tissue fluid, purify it in lymph nodes, and return it to th
Concept map of disease and immune system Concept map of disease and immune system
The immune system has several different components that work in concert. The immune system has several different components that work in concert.
Disorders of or Associated with the Lymphatic System Disorders of or Associated with the Lymphatic System
The digestive system. The digestive system.
Female Reproductive System Female Reproductive System
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library