Which of the Following Statements Is False

question 192

Multiple Choice

Which 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 cost of goods sold account is updated after each sale of merchandise under the periodic inventory system.
• D)A purchases account is used only under the periodic inventory system.

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Definitions:

Cable Medium

A physical material used to transmit electronic signals from one place to another, including coaxial cables, fiber optics, and twisted pair cables.

Fiber-optic Cable

A technology that uses threads of glass or plastic to transmit data as pulses of light, offering high-speed data transmission with minimal loss.

Difficult to Work With

Refers to individuals or entities that pose challenges in collaboration or teamwork due to various reasons like communication issues, personality clashes, or differing work styles.

TCP/IP

Short for Transmission Control Protocol/Internet Protocol, the fundamental suite of protocols that supports the Internet and facilitates data exchange across interconnected networks.