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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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7 years ago
Under a perpetual inventory system, the entry to record the cost of goods sold would include a debit to:
A) Cost of Goods Sold and a credit to Inventory for the retail price of the inventory.
B) Inventory and a credit to Sales Revenue for the retail price of the inventory.
C) Cost of Goods Sold and a credit to Inventory for the cost of the inventory.
D) Inventory and a credit to Cost of Goods Sold for the cost of the inventory.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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raovatallpyraovatallpy
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7 years ago
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