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Sergeu [11.5K]
1 year ago
13

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]1 year ago
5 0

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
#SPJ12

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