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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    In a Perpetual Inventory System, a Merchandiser Will Record the Purchase
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In a Perpetual Inventory System, a Merchandiser Will Record the Purchase

Question 145

Question 145

Multiple Choice

In a perpetual inventory system, a merchandiser will record the purchase of individual inventory items in a (an) ____________ account.


A) control
B) subsidiary
C) expense
D) general ledger

Correct Answer:

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