Which of the Following Is NOT True of the Perpetual

Multiple Choice

Which of the following is NOT true of the perpetual inventory method?

A) Purchases are recorded as debits to the inventory account.
B) The entry to record a sale includes a debit to Cost of Goods Sold and a credit to Inventory.
C) After a physical inventory count,Inventory is credited for any missing inventory.
D) Purchase returns are recorded by debiting Accounts Payable and crediting Purchase Returns and Allowances.