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H3Ko H3Ko
wrote...
Posts: 4891
7 years ago
In a periodic inventory system, there is no need to record an entry to Merchandise Inventory and Cost of Goods Sold.
A) True
B) False
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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Posts: 2227
7 years ago
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H3Ko Author
wrote...
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
wrote...
7 years ago
Excellent Slight Smile
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