Which of the Following Accounts Is Used in the Periodic

question 94

Multiple Choice

Which of the following accounts is used in the periodic inventory system but not used in the perpetual inventory system?

• A) Sales
• B) Merchandise Inventory
• C) Purchases
• D) Accounts Payable
• E) Sales Returns and Allowances

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Definitions:

Battered

Subjected to repeated physical or emotional assault and battery, often used in the context of domestic violence.

Quick Decisions

Making choices rapidly, often without taking much time to consider the possible consequences.

Narcissistic Personality Disorder

A mental disorder characterized by a long-term pattern of exaggerated self-importance, the need for admiration, and a lack of empathy for others.

Grandiosity

An exaggerated sense of one's importance, power, or abilities, often present in psychiatric conditions.