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Author Question: When using a perpetual inventory system, a business will debit Merchandise Inventory and credit Cost ... (Read 165 times)

gbarreiro

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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


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soda0602

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Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

True


gbarreiro

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

bigcheese9

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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