alleryStart learning →A perpetual system needs which extra entry for each sale?
ADebit Cost of Goods Sold, credit Inventory
BDebit Purchases account, credit Cash
CDebit Inventory account, credit Sales
DCredit Purchases account, debit Sales
Answer & Solution
Correct answer: A. Debit Cost of Goods Sold, credit Inventory
Every sale moves its cost out of inventory into cost of goods sold at the time of sale.
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