In a Perpetual Inventory System,the Credit Columns of a Typical

question 136

Multiple Choice

In a perpetual inventory system,the credit columns of a typical cash payments journal are ________.

• A) Merchandise Inventory column and Cash column
• B) Other Accounts column and Accounts Payable column
• C) Merchandise Inventory column and Accounts Payable column
• D) Other Accounts column and Cash column

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Definitions:

Quantity Variances

Differences between the expected and actual quantities of materials or products used or produced, influencing cost and efficiency.