Which of the following accounts does not appear in the general ledger of a company using the periodic method of maintaining inventory? Cost of Goods Sold. Sales Returns and Allowances. Sales Discounts Purchases Discounts Cost of Goods Sold and Sales Returns and Allowances.

Which of the following accounts does not appear in the general ledger of a company using the periodic method of maintaining inventory? Cost of Goods Sold. Sales Returns and Allowances. Sales Discounts Purchases Discounts Cost of Goods Sold and Sales Returns and Allowances.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 1DQ: What is the normal balance for each of the following accounts: (a) Purchases? (b) Sales Discounts?...

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Question

Which of the following accounts does not appear in the general ledger of a
company using the periodic method pf maintaining inventory?
Cost of Goods Sold.
Sales Returns and Allowances.
Sales Discounts
Purchases Discounts
Cost of Goods Sold and Sales Returns and Allowances.

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