Using a Perpetual Inventory System, Which of the Following Entries

question 61

Multiple Choice

Using a perpetual inventory system, which of the following entries would record the cost of

• A) Debit Cost of Goods Sold and credit Purchases
• B) Debit Cost of Goods Sold and credit Inventory
• C) Debit Inventory and credit Cost of Goods Sold
• D) Credit Sales and debit Accounts Receivable

---

Definitions:

Market Attractiveness

The degree to which a market is appealing to a company, considering factors like size, profitability, and competition.

Marketing Mix

A combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally identified as product, price, place, and promotion.

Market Attractiveness

An evaluation metric used to assess the potential for profit and success in a particular market or segment, considering factors like size, growth, and competition.

Product Quality

A measure of the inherent or assigned characteristics of a product that determines its degree of excellence compared to others of a similar nature.