Using a perpetual inventory system, the entry to record the return from a customer of merchandis e sold on account includes a A. credit to Sales Returns and Allowances B. debit to Merchandise Inventory C. credit to Merchandise Inventory D. debit to Cost of Merchandise Sold ...
百度试题 结果1 题目A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory. A. 错误 B. 正确 相关知识点: 试题来源: 解析 A 满分:2 分 正确答案:A反馈 收藏
A company sold merchandise for $20,000 on account with terms of 3/10, n/30. The company uses a perpetual inventory system. After two days, it received defective merchandise worth $2,000. The journal e A company using the perpetual inv...
3. Kellogg Company is the world ’s leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. The following items were taken from its 2004 income statement and balance sheet. All dollars are in millions. ___Retain...
When a company uses a perpetual inventory system, all merchandise transactions are updated as and when they occur; so, the inventory account will show the current balance at all times. A. True B. False To compute turnover in the decomposition of ROI...
百度试题 题目Using a perpetual inventory system, which of the following entries would record the cost of merchandise sold on credit?相关知识点: 试题来源: 解析 Cost of Goods Sold Inventory 反馈 收藏
perpetual inventory system“永续盘存制”。整个会计期间作为一个单一的时期,假定所有销售发生时记录,这样,每发生一笔销售业务,就要计算一次销货成本,因此,每一笔销售发生时的销货成本,并非整个会计期间的最近的购货成本。在该盘存制度下,企业能随时掌握销货成本和存货的数量,但盘存成本较高,一般用于价格相对较为昂...
5.Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on account includes a <A>项.credit to Sales Returns and Allowances <B>项.debit to Merchandise Inventory <C>项.credit to Merchandise Inventory <D>项.debit to Cost of Merchandise Sold [...
aon your knees up on the chair, 在您的膝盖在椅子,[translate] a本公司存货盘存采用永续盘存制 This company stores goods takes inventory to use the perpetual inventory system[translate]
Which of the following accounts is affected when inventory is sold on account? Assume the company uses a perpetual inventory system. a. Accounts Payable. b. Unearned Revenue. c. Gain on Sale. d. Cost of Goods Sold. e. Cash. Which of the following accounts are closed at y...