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:

Factor

One of two or more expressions that are multiplied together to form a product or an element that divides another number or expression without leaving a remainder.

Factor

A number or algebraic expression that divides another number or expression evenly—without leaving a remainder.

Trinomial

A polynomial with three terms.

Trinomial

A polynomial with three terms, often expressed in the form \(ax^2+bx+c\) where \(a\), \(b\), and \(c\) are constants.