In a Periodic Inventory System, the Cost of Purchases Is

question 70

Multiple Choice

In a periodic inventory system, the cost of purchases is recognized as

• A) An integral part of the calculation of cost of goods sold
• B) The only part of the calculation of cost of goods sold
• C) An increase in the inventory account
• D) An increase in an asset account

---

Definitions:

Negative Letters

Communications that convey unfavorable news, rejections, or denials in a professional and respectful manner.

External Communication

The process of sharing information between an organization and outside entities or the public.

Organizational Pattern

The structure or arrangement of ideas and elements within a text, speech, or document, aiding in clarity and comprehension.

Bad News

Bad News is a term used to describe information that is unpleasant, disappointing, or unfavorable, often requiring careful communication.