In a Periodic Inventory System,which of the Following Accounts May

question 69

Multiple Choice

In a periodic inventory system,which of the following accounts may be closed by debiting Cost of Goods Sold?

• A)Sales,Inventory (beginning),and Gross Profit.
• B)Inventory (beginning)and Purchases.
• C)Purchases and Inventory (ending).
• D)Sales,Inventory (beginning),and Cost of Goods Available for Sale.

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Definitions:

Stores Minerals

"Stores minerals" refers to the body's capacity to retain various essential minerals within bones and other tissues, serving as reserves for maintaining physiological functions and structural integrity.

Cartilage

A flexible, rubbery tissue found in parts of the body such as joints, ear, and nose, providing support and cushioning.

Bone

A hard, dense connective tissue that forms the structural elements of the skeleton, providing support, protection, and facilitating movement.

Connective Tissue Proper

A category of connective tissue that includes loose and dense connective tissues, serving to support, bind together, and protect organs.