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  3. Study Set
    College Accounting Study Set 2
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    Exam 23: The Voucher System
  5. Question
    When Merchandise Is Purchased, the Entry in the Vouchers Register
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When Merchandise Is Purchased, the Entry in the Vouchers Register

Question 70

Question 70

True/False

When merchandise is purchased, the entry in the vouchers register is a debit to Merchandise Inventory and a credit to Vouchers Payable. The company uses the periodic method.

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