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  3. Study Set
    Financial and Managerial Accounting Study Set 8
  4. Exam
    Exam 8: Inventories and the Cost of Goods Sold
  5. Question
    In a Periodic Inventory System,recording a Sale on Account Involves
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In a Periodic Inventory System,recording a Sale on Account Involves

Question 3

Question 3

Multiple Choice

In a periodic inventory system,recording a sale on account involves crediting which of the following accounts?


A) Only Sales.
B) Sales and Inventory.
C) Sales and Cost of Goods Sold.
D) Sales,Inventory,and Cost of Goods Sold.

Correct Answer:

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