Using the Perpetual Inventory System,discounts Taken on an Invoice,such as 3/10,n/30,would

question 79

Multiple Choice

Using the perpetual inventory system,discounts taken on an invoice,such as 3/10,n/30,would be:

• A) debited to Inventory.
• B) credited to Inventory.
• C) debited to Cost of goods sold.
• D) credited to Cost of goods sold.