Which One of the Following Statements Is False

question 181

Multiple Choice

Which one of the following statements is false?

• A) The inventory account is updated after every sale and after every merchandise purchase under the perpetual inventory system.
• B) The inventory account is updated only at the end of the accounting period under the periodic inventory system.
• C) A purchases account is used only under the periodic inventory system.
• D) A cost of goods sold account is updated after each sale of merchandise under the periodic inventory system.

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Definitions:

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A book designed to offer advice and information on improving one’s life, focusing on personal improvement and self-care.

Vague Advice

is guidance that is not clear, specific, or practical, making it difficult to follow or implement.

Dependent Variable

The variable in a study that is expected to change as a result of variations in another variable, known as the independent variable.

Investigator

A person who carries out a formal inquiry or investigation, often in a professional context.