Which of the Following Items Does Not Result in an Adjustment

question 91

Multiple Choice

Which of the following items does not result in an adjustment in the merchandise inventory account under a perpetual system?

• A) A purchase of merchandise.
• B) A return of merchandise inventory to the supplier
• C) Payment of freight costs for goods shipped to a customer
• D) Payment of freight costs for goods received from a supplier

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Definitions:

Currencies

Systems of money in general use in particular countries or regions, facilitating trade and economic activities.

Exchange Rate

The value of one currency for the purpose of conversion to another, which determines how much one currency is worth in terms of another.

Spot Trade

A transaction for the immediate purchase or sale of a financial instrument.

Official Exchange Rate

The official exchange rate is the rate at which a country's central bank will exchange its currency for foreign currency.