Under the Perpetual Inventory System,in Addition to Making the Entry

question 45

Multiple Choice

Under the perpetual inventory system,in addition to making the entry to record a sales return,a company would

• A)increase Merchandise Inventory and decrease Cost of Goods Sold.
• B)increase Cost of Goods Sold and decrease Purchases.
• C)increase Cost of Goods Sold and decrease Merchandise Inventory.
• D)make no additional entry until the end of the period.

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Definitions:

Popularity

Popularity refers to the state or condition of being liked, admired, or supported by a large number of people.

Connectivity

The state or extent of being connected or interconnected, especially referring to computers, networks, or communication systems.

Particular Platform

A specific digital or physical space designed for the delivery and exchange of media, information, or services.

Increase

A rise in quantity, size, number, value, or some other measure, indicating growth or expansion in various contexts.