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oksano4ka [1.4K]
2 years ago
8

The journal entry for the purchase of inventory on account using the perpetual inventory system is:.

Business
1 answer:
Solnce55 [7]2 years ago
7 0

The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.

<h3>What is a journal entry?</h3>

It should be noted that a journal entry is used to record the financial activities of a company.

In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.

Learn more about inventory on:

brainly.com/question/24868116

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