Ask Question
29 October, 01:13

When the perpetual inventory system is used, the inventory sold is debited to a. Supplies Expense b. Cost of Goods Sold c. Sales d. Inventory

+4
Answers (1)
  1. 29 October, 01:29
    0
    The answer is D. Inventory account.

    Explanation:

    Perpetual inventory method is very useful as it is updated daily and gives a real-time insight into the stocks unlike in the periodic inventory system where you calculate the stock at the end of a certain period.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When the perpetual inventory system is used, the inventory sold is debited to a. Supplies Expense b. Cost of Goods Sold c. Sales d. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers