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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    When Recording a Credit Sale in a Perpetual Inventory System
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When Recording a Credit Sale in a Perpetual Inventory System

Question 8

Question 8

Multiple Choice

When recording a credit sale in a perpetual inventory system, all of the following accounts are affected EXCEPT


A) Sales Revenue.
B) Accounts Receivable.
C) Merchandise Inventory.
D) Cash.

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