In a Periodic Inventory System, the Cost of Inventories Sold

question 71

Multiple Choice

In a periodic inventory system, the cost of inventories sold is:

• A) Debited to accounts receivable.
• B) Credited to cost of goods sold.
• C) Debited to cost of goods sold.
• D) Not recorded at the time goods are sold.

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Definitions:

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The rate at which someone or something is able to move or operate.

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