When Preparing the Worksheet for a Merchandising Business Using the Perpetual

question 37

Multiple Choice

When preparing the worksheet for a merchandising business using the perpetual inventory system,which of the following is not a new merchandising account that is shown on the worksheet?

• A)Accumulated Depreciation - Building
• B)Sales Returns and Allowances
• C)Cost of Goods Sold
• D)Merchandise Inventory

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Definitions:

Information Technologies

Refers to the use of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data, often in the context of a business or other enterprise.

Desktop Videoconferencing Systems

Computer-based communication tools that enable individuals to conduct video meetings or calls from their desktops.

Virtual Team

A group of individuals who work together from different geographical locations and rely on communication technology to collaborate.

Face-to-face Meeting

A personal interaction between two or more people, in the same physical location, for the purpose of communication.