[Answered] If the perpetual inventory system is used, an account called Cost of Goods Sold id included in the ...

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Author Question: If the perpetual inventory system is used, an account called Cost of Goods Sold id included in the ... (Read 108 times)

Caiter2013

Hero Member
Posts: 607

on: Jul 6, 2018

If the perpetual inventory system is used, an account called Cost of Goods Sold id included in the general ledger.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following is not considered a fiduciary fund?

a. Agency Fund
b. Investment Trust Fund
c. Permanent Fund
d. Private-purpose Trust Fund
e. Pension Trust Fund

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Ahernandez18

Sr. Member
Posts: 361

Reply #1 on: Jul 6, 2018

Answer to Question 1

True

Answer to Question 2

C

Caiter2013

Hero Member
Posts: 607

Reply #2 on: Jul 6, 2018

Thank you

Ahernandez18

Sr. Member
Posts: 361

Reply #3 on: Jul 6, 2018

No problemo

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