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

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Definitions:

Caudal

Located near or at the tail end of an animal's body.

Apex

The uppermost part of something, often referring to the tip, peak, or summit.

Cilia

Microscopic, hair-like structures on the surface of cells that move rhythmically to propel substances or cells.

Lateral

Positioned on or relating to the side of an organism or structure.