Which of the Following Entries Records a Credit Sale Under

question 32

Multiple Choice

Which of the following entries records a credit sale under the perpetual inventory system?

• A) Dr Cost of goods sold
• B) Dr Sales
• C) Dr Inventory
• D) Dr Accounts receivable

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Definitions:

User-Based

Designates products, services, or systems that are developed with a focus on the end-users' needs and usability.

Manufacturing-Based

A perspective or approach that focuses primarily on production processes and efficiencies in product creation.

Product-Based

An approach or business strategy that focuses on the development, manufacturing, and selling of tangible goods as opposed to services.

Pareto Charts

Graphics that identify the few critical items as opposed to many less important ones.