In a Perpetual Inventory System,two Entries Usually Are Made to Record

question 8

Multiple Choice

In a perpetual inventory system,two entries usually are made to record each sales transaction.The purposes of these entries are best described as follows:

• A)One entry recognizes the sales revenue,and the other recognizes the cost of goods sold.
• B)One entry records the purchase of the merchandise,and the other records the sale.
• C)One entry records the cost of goods sold,and the other reduces the balance in the Inventory account.
• D)One entry updates the general ledger,and the other updates the subsidiary ledgers.

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Definitions:

Propeller Shaft Assembly

A mechanical component used to transmit torque and rotation from the transmission to the differential, allowing vehicle wheels to turn.

Driveline Hanger Bearing

A support bearing that stabilizes the driveline, ensuring smooth power transmission from the engine to the wheels.

Driveshaft Vibrations

Unwanted oscillations emanating from the driveshaft, often due to misalignment, imbalance, or wear, leading to discomfort and potential damage to vehicle components.

Rubber Insulators

Materials used to prevent the passage of electricity, heat, or sound, typically made from rubber compounds.