Multiple Choice
If the perpetual inventory system is used to record the purchase and sale of goods,the account used to record shipping charges is the
A) purchases account.
B) merchandise inventory account.
C) transportation in account.
D) freight in account.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q51: Bally Boutique uses a perpetual inventory system
Q52: The total of the balances in the
Q54: Read the description of the following transactions
Q57: Purchases of merchandise on credit should be
Q58: One of the supplier accounts from the
Q58: An allowance received from a creditor is
Q67: A list of creditors and the balances
Q77: The Purchases Returns and Allowances account has
Q89: The Freight In account should have a(n)_
Q107: The abbreviation P1 in the Posting Reference