It Is Necessary to Use a Purchases Account With

question 41

Multiple Choice

It is necessary to use a purchases account with:

• A) only the periodic count method.
• B) only the perpetual accounting control method.
• C) both the periodic count and the perpetual accounting control methods.
• D) either method,if the system designer has included it in the chart of accounts.

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Definitions:

Acceptable Ways

Modes of conduct or methods that are considered appropriate or sanctioned by societal or organizational standards.

Friendships

Mutual relationships between two people based on affection, respect, and shared experiences.

Observable Culture

The aspects of a culture that can be seen or measured, such as customs, rituals, dress, or language, as opposed to its deeper values and norms.

Shared Values

Common beliefs and principles that guide the behavior of members within an organization or community, strengthening group cohesion.