Under a Perpetual Inventory System

question 139

Multiple Choice

Under a perpetual inventory system

• A) accounting records continuously disclose the amount of inventory
• B) increases in inventory resulting from purchases are debited to Purchases
• C) there is no need for a year-end physical count
• D) the purchase returns and allowances account is credited when goods are returned to vendors

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Definitions:

Flagellated Sperm

Sperm cells equipped with a flagellum, allowing for motility in fluid environments, commonly found in many plants and some animals.

Bryophytes

Non-vascular plants that include mosses, liverworts, and hornworts, characterized by their life cycles and lack of true roots and leaves.

Sporophytes

The diploid, spore-producing phase in the life cycle of plants that undergo alternation of generations.

Triploid Cell

A cell that has three sets of chromosomes, often occurring in plants and some species of fish and amphibians.