A Company That Makes the Following Journal Entry at the Time

Multiple Choice

A company that makes the following journal entry at the time of purchasing inventory is using which of the following inventory systems? Dr. Purchases $\quad \mathrm { xxx }$
Cr. Accounts Payable $\quad \mathrm { xxx }$

A) Periodic system
B) Perpetual system
C) Just-in-time system
D) Specific identification system