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    Financial Accounting Reporting Analysis
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    Exam 4: Inventories
  5. Question
    Under a Perpetual Inventory System, Which of the Following Accounts
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Under a Perpetual Inventory System, Which of the Following Accounts

Question 19

Question 19

Multiple Choice

Under a perpetual inventory system, which of the following accounts would be used to record purchases?


A) Sales.
B) Purchases.
C) Cost of sales.
D) Inventory.

Correct Answer:

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