menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 1
  4. Exam
    Exam 5: Merchandising Operations
  5. Question
    Freight Out Is an Addition to the Merchandise Inventory Account
Solved

Freight Out Is an Addition to the Merchandise Inventory Account

Question 151

Question 151

True/False

Freight out is an addition to the Merchandise Inventory account if the seller uses the perpetual inventory system.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q146: Centennial Company sold goods on credit terms

Q147: In a perpetual inventory system,the physical count

Q148: A company has purchased inventory and received

Q149: Journalize the following transactions for Park

Q150: Gross profit is calculated as _.<br>A) sales

Q152: Which of the following is the correct

Q153: The perpetual inventory system keeps a running

Q154: Maddy's Gifts received an allowance from the

Q155: Under which of the following terms will

Q156: A company purchased inventory for $2,200

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines