Which of the Following Is True of a Purchases Journal

Multiple Choice

Which of the following is true of a purchases journal?

A) In a purchase journal, the Merchandise Inventory DR column would be replaced with a column titled Cost of Goods Sold DR for a periodic inventory system.
B) Cash purchases are recorded in the purchases journal.
C) A purchases journal is not used for a perpetual inventory system.
D) In a purchases journal, the Other Accounts DR columns are used for purchases on account of items other than merchandise inventory and office supplies.