Under the Periodic Inventory System Inventory Purchased Is Debited to Which

question 58

Multiple Choice

Under the periodic inventory system inventory purchased is debited to which account?

• A) Cost of sales
• B) Purchases
• C) Inventory
• D) Selling expenses

---

Definitions:

Stalagmite

A conical, cylindrical, or moundlike cave formation that is developed upward from the floor of a cave and is composed mostly of calcium carbonate.

Gray Limestone

A sedimentary rock primarily composed of calcium carbonate, often containing fossils, and typically forming in shallow marine environments.

Well-Sorted Sandstone

Sandstone comprised of grains that are uniform in size, indicating a specific and consistent energy environment during deposition.

Dark Porous

Referring to rocks that have a dark color and contain numerous small holes or pores.