Ask Question
22 October, 07:48

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

+5
Answers (1)
  1. 22 October, 10:55
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When the perpetual inventory system is used, the inventory sold is debited to a. Supplies Expense b. Cost of Goods Sold c. Sales d. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers