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  3. Study Set
    Principles of Financial Accounting Study Set 1
  4. Exam
    Exam 5: Accounting for Merchandising Operations
  5. Question
    Under a Periodic Inventory System, the Sale of Merchandise on Credit
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Under a Periodic Inventory System, the Sale of Merchandise on Credit

Question 12

Question 12

Multiple Choice

Under a periodic inventory system, the sale of merchandise on credit requires a debit to


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

Correct Answer:

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