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.

---

Definitions:

Reinforcement Theory

A concept in psychology that suggests behavior is shaped by its consequences, through rewards or punishments.

Environmental Consequences

The effects or outcomes that activities or policies have on the natural environment, including impacts on air, water, and land.

Human Behaviour

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, and genetics.

Intermittent Schedule

A reinforcement or work schedule where responses or efforts are rewarded or utilized at unpredictable intervals.