A Client Uses a Perpetual Inventory System A)Option a
B)Option B
C)Option C
D)Option D

question 17

Multiple Choice

A client uses a perpetual inventory system.Would one expect a credit to which of the following accounts at the point of sale? $$\begin{array} { l c c } & \text { Sales } & \text { Inventory } \\\text { A) } & \text { Yes } & \text { Yees } \\\text { B) } & \text { Yes } & \text { No } \\\text { C) } & \text { No } & \text { Yes } \\\text { D) } & \text { No } & \text { No }\end{array}$$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Over

Typically refers to situations where actual costs or quantities exceed estimates or planned values in a budget, project, or manufacturing.

Cash Controls

Procedures and policies that are implemented to manage and safeguard a company's cash transactions.

Theft

The act of stealing; specifically, the unlawful taking of another's property with the intent to permanently deprive the owner of it.

Cash Account

A financial record that tracks all cash receipts and disbursements within a business or organization.