Which of the Following Accounts Is Debited to Enter the Ending

question 63

Multiple Choice

Which of the following accounts is debited to enter the ending physical count of inventory under the periodic inventory system?

• A) Merchandise Inventory
• B) Income Summary
• C) Owner's Equity
• D) Purchases

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Definitions:

Canada

A country located in the northern part of North America, known for its multicultural population, bilingual French-English heritage, and vast natural landscapes.

Ph.D. in Psychology

A Doctorate of Philosophy in Psychology, an advanced graduate degree focusing on original research, theoretical foundations, and practical application in the field of psychology.

Woman

Refers to an adult human female.

Psychology

the scientific study of the mind and behavior, encompassing both conscious and unconscious phenomena, as well as thought and feeling.