Which of the following accounts is used in the periodic inventory system but not used in the perpetual inventory system?
A. Accounts Payable
B. Merchandise Inventory
C. Purchases
D. Sales Returns and Allowances
E. Sales
Answer: C
Business
You might also like to view...
If the diploid number of chromosomes for an organism is 52, what will the haploid number of chromosomes be?
A. 26 B. 48 C. 24 D. 112
Business
In the object-oriented systems design approach, the employee pay rate is an example of
a. an object b. an attribute c. an operation d. a class
Business
A/an ________ allows you to see the overall layout of a document as well as the subdivisions within it
A) Organizational chart B) Outline C) Storyboard D) Cluster map
Business
Some experts recommend devoting about ________ of the total writing time to the third phase of the writing process
A) 10 percent B) 30 percent C) 50 percent D) 75 percent
Business