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Name: pp. Subject :- Accounting Current Attempt in ProgressWhen using a peri
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Description: pp. Subject :- Accounting Current Attempt in ProgressWhen using a periodic inventory system and the purchaser directly incurs the freight costs, which account is debited?Freight-outO InventoryO Freight-InO Purchases

Business

Accounting

When using a periodic inventory system and the purchaser directly incurs the freight costs, which account is debited? Freight-out O Inventory O Freight-In O Purchases

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 4QY: This type of inventory system does not require an entry to Merchandise Inventory until a physical...

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