Using a Perpetual Inventory System, the Entry to Record the Return

question 141

Multiple Choice

Using a perpetual inventory system, the entry to record the return of merchandise purchased on account includes a

• A) debit to Cost of Merchandise Sold
• B) credit to Accounts Payable
• C) credit to Merchandise Inventory
• D) credit to Sales

---

Definitions:

Stone Vaults

Arched structures made of stone, used in buildings to provide a space with a roof or ceiling, characteristic of Gothic and Romanesque architecture.

Sant Vicenç

Referring to various religious sites or ecclesiastical entities dedicated to Saint Vincent, which may include churches, chapels, or cathedrals across different regions.

Naves

The central part of a church building intended to accommodate most of the congregation, extending from the entrance (the narthex) to the altar.

Crossing Square

The area in a church formed by the intersection (crossing) of a nave and a transept of equal width, often used as a standard module of interior proportion.