Author Question: A company that uses a perpetual inventory system must calculate cost of goods sold each time it ... (Read 178 times)

fasfsadfdsfa · **on:** Jul 5, 2018

A company that uses a perpetual inventory system must calculate cost of goods sold each time it records a sale.

Indicate whether the statement is true or false

Question 2

Bank customers are considered creditors of the bank so the bank shows their accounts with credit balances on thebank's records.
a. True
b. False

Indicate whether the statement is true or false