margot inc, which uses the perpetual inventory system, purchases 500 units of inventory to be held for resale. margot should deb

Question

Sergeu [11.5K]

2 years ago

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margot inc, which uses the perpetual inventory system, purchases 500 units of inventory to be held for resale. margot should deb

it the purchase to:

Business

1 answer:

4vir4ik [10] · Answer 1 · 2023-09-29T16:19:43+03:00

Because Margot Inc, uses the perpetual inventory system, purchases 500 units of inventory to be held for resale. Margot should debit the purchase to Inventory.

<h3>What is the perpetual inventory system?</h3>

The perpetual inventory system is an application that enable the entity to estimate inventory continuously using electronic records rather than a physical inventory.

It is thus correct to state that Margot should debit the purchase to Inventory.

Learn more about perpetual inventory system at;
brainly.com/question/25014592
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