Author Question: Under the perpetual inventory system, all purchases of merchandise are debited to the account a. ... (Read 109 times)

corkyiscool3328 · **on:** Jul 5, 2018

Under the perpetual inventory system, all purchases of merchandise are debited to the account
a. Merchandise Inventory
b. Cost of Merchandise Sold
c. Cost of Merchandise Available for Sale
d. Purchases

Question 2

According to the 2011 PricewaterhouseCoop ers (PwC) Global Economic Crime Survey:
a. Internal audit is the most effective fraud detection method.
b. Cybercrime ranks as one of the top four economic crimes worldwide.
c. Accounting fraud has increased significantly over the last two years.
d. All of the above.