Accountıng I Deneme Sınavı Sorusu #1313798
Most of the differences between the periodic and perpetual inventory systems are recognized by the buyers, but from the seller’s perspective, the only difference is the absence of _____ entry after each sales record.
Which of the following best completes the statement above?
|
COGS |
|
Purchases |
|
Net purchases |
|
Purchase returns |
|
Accounts payable |
Yanıt Açıklaması:
Most of the differences between the periodic and perpetual inventory systems are recognized by the buyers. Accounting records almost totally differ between two systems for the buyer, but from the seller’s perspective, the only difference is the absence of COGS entry after each sales record
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