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Title: Which of the following is true of a purchases journal? Post by: Nakeiat on Jul 25, 2018 Which of the following is true of a purchases journal?
A) For a periodic inventory system, the Merchandise Inventory DR column is replaced with a column titled Cost of Goods Sold DR. B) Cash purchases are recorded in the purchases journal. C) For a perpetual inventory system, a column titled Purchases DR is needed. D) The Other Accounts DR column is used for purchases on account of items other than merchandise inventory and office supplies. Title: Which of the following is true of a purchases journal? Post by: chrism004cc on Jul 25, 2018 D
Title: Which of the following is true of a purchases journal? Post by: Nakeiat on Jul 25, 2018 Above and beyond my expectations for this site
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