When using a perpetual inventory system, a business will debit ...

[gbarreiro]

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

[soda0602]

Answer to Question 1

False

Answer to Question 2

True

[gbarreiro]

Gracias!

[lindahyatt42]

Thanks for the timely response, appreciate it