Multiple Choice
In a perpetual inventory system, when cash sales are recorded:
A) merchandise inventory decreases and cost of goods sold decreases.
B) sales revenue increases and cash decreases.
C) sales revenue increases and equity decreases.
D) merchandise inventory decreases and equity decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: In an accounting information system, source documents
Q2: In a computerized accounting information system, the
Q4: Mercury Corporation receives a landscaping bill on
Q6: One of the advantages of a computerized
Q7: An enterprise resource planning (ERP)system is a:<br>A)hardware
Q9: A CR.5 posting reference in a subsidiary
Q10: Which of the following is a benefit
Q11: Which of the following transactions will be
Q45: Entries from the purchases journal are posted
Q94: Generally,all transactions are recorded in a special