Which of the Following Entries Would Be Made to Record

question 90

Multiple Choice

Which of the following entries would be made to record the purchase of inventory on account,if a company uses the perpetual inventory system?

• A) a debit to Purchases and a credit to Accounts Payable
• B) a debit to Accounts Payable and a credit to Purchases
• C) a debit to Merchandise Inventory and a credit to Accounts Payable
• D) a debit to Accounts Payable and a credit to Merchandise Inventory

---

Definitions:

Expenses

The money spent on something, costs incurred by individuals or businesses.

Part-Time Job

Employment with fewer hours per week compared to a full-time position, often with flexible schedules.

Holistic Critical Thinking

An approach to critical thinking that considers the whole situation or argument rather than focusing on individual elements.

Scoring Rubric

A set of criteria and standards typically used in educational settings to grade assignments or performance tasks.