Using the Perpetual Inventory System,the Purchase of Merchandise on Account

question 46

Multiple Choice

Using the perpetual inventory system,the purchase of merchandise on account would include a:

• A)debit to Merchandise Inventory and a credit to Accounts Payable.
• B)debit to Accounts Payable and a credit to Merchandise Inventory.
• C)debit to Accounts Receivable and a credit to Sales.
• D)debit to Sales and a credit to Accounts Receivable.

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Definitions:

Baby Signing

The use of manual signing allowing babies and toddlers to communicate emotions, desires, and objects prior to spoken language development.

Language Development

The process by which individuals acquire the ability to perceive, produce, and use words to communicate.

Infant-Directed Speech

A type of speech characterized by a high-pitched, exaggerated expression, slower rate, and simplified vocabulary that adults use when talking to babies.

Universality

The quality of involving or being applicable to all people or things in the world or a particular group.