Under the Perpetual Inventory System,when Merchandise Is Sold,its Cost Is

question 102

True/False

Under the perpetual inventory system,when merchandise is sold,its cost is transferred from the Merchandise Inventory account to the Sales account.

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Definitions:

Combining Form

A prefix or suffix added to a word root to change its meaning or create a new word, commonly used in medical terminology.

Xer/o

A prefix in medical terminology denoting dryness.

Hem/o

A prefix used in medical terminology that refers to blood.

Hepat/o

A prefix relating to the liver.