In Perpetual inventory system the loss of goods is included in a. Sales b. Closing stock c. Purchases d. Cost of goods sold
In Perpetual inventory system the loss of goods is included in a. Sales b. Closing stock c. Purchases d. Cost of goods sold
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 3DQ: Using the perpetual inventory system, what account is debited when a business finds that its...
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In Perpetual inventory system the loss of goods is included in
a.
Sales
b.
Closing stock
c.
Purchases
d.
Cost of goods sold
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