When the perpetual inventory system is used, the inventory sold is debited to a.Supplies Expense b.Cost of Goods Sold c.Sales d.

Question

Minchanka [31]

4 years ago

14

When the perpetual inventory system is used, the inventory sold is debited to a.Supplies Expense b.Cost of Goods Sold c.Sales d.

Inventory

Business

1 answer:

Luda [366] · Answer 1 · 2022-01-17T20:21:08+03:00

Luda [366]4 years ago

8 0

Answer:

The answer is D. Inventory account.

Explanation:

Perpetual inventory method is very useful as it is updated daily and gives a real-time insight into the stocks unlike in the periodic inventory system where you calculate the stock at the end of a certain period.