A Buyer Using a Perpetual Inventory System Records the Costs

question 145

True/False

A buyer using a perpetual inventory system records the costs of shipping merchandise it purchases in a Delivery Expense account.

---

Definitions:

ESP

Extra-Sensory Perception, a claimed ability to gain information through means other than the known human senses.

Parapsychology

Parapsychology is the study of paranormal phenomena, including extrasensory perception, telekinesis, and other psychic abilities.

Clairvoyance

The supposed ability to gain information about an object, person, location or physical event through extrasensory perception, beyond the known human senses.

Telepathy

The supposed communication of thoughts or ideas without using the five known senses or physical interaction.