Perpetual inventory system-merchandise on account


Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a:

a. credit to Merchandise Inventory

b. debit to Merchandise Inventory

c. debit to Sales

d. credit to Sales

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Perpetual inventory system-merchandise on account
Reference No:- TGS090420

Expected delivery within 24 Hours