The Journal Entry to Sell Merchandise Under a Periodic Inventory

question 42

Multiple Choice

The journal entry to sell merchandise under a periodic inventory system includes a:

• A)debit to cost of goods sold.
• B)debit to inventory.
• C)credit to purchases.
• D)credit to sales revenue.

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Definitions:

Educational

Pertaining to the process of teaching and learning, particularly the imparting and acquisition of knowledge.

Unitary-Transformative

A nursing theory or perspective that views health as a process of continuous change and development towards a higher level of consciousness.

Simultaneity

The occurrence or existence of two or more things at the same time or rate.

Totality

The state of being whole, complete, or undivided, often used to describe a comprehensive approach to understanding a system or entity.