Which of the Following Journal Entries Is Not Consistent with the Use

question 54

Multiple Choice

Which of the following journal entries is not consistent with the use of a perpetual inventory system?

• A) Inventory
• \(\quad \) Accounts payable
• B) Cost of goods sold
• \(\quad \) Inventory
• C) Purchases
• \(\quad \) Accounts payable
• D) Accounts receivable
• \(\quad \) Sales revenue

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Definitions:

Pythagoras

A Greek mathematician.

Vector

A line having a specific length and direction.

Magnitude

A numerical value assigned to the size or amount of a physical quantity (such as force, mass, or electric current) without regard to its direction.

Direction

A course along which someone or something moves.