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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
When merchandise is purchased on account under the perpetual inventory system, the journal entry is:
A) debit Purchases and credit Accounts Payable.
B) debit Accounts Payable and credit Inventory.
C) debit Inventory and credit Accounts Payable.
D) debit Accounts Payable and credit Purchases.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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this is exactly what I needed
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This helped my grade so much Perfect
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