An entry debiting inventory and crediting cost of goods sold would be made when merchandise is sold and either a periodic or perpetual inventory system is used, or when merchandise sold is returned and a perpetual inventory system is used.
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An entry debiting inventory and crediting cost of goods sold would be made when.docx
An entry debiting inventory and crediting cost of goods sold would be made when merchandise is sold and either a periodic or perpetual inventory system is used, or when merchandise sold is returned and a perpetual inventory system is used.
An entry debiting inventory and crediting cost of goods sold would be made when merchandise is sold and either a periodic or perpetual inventory system is used, or when merchandise sold is returned and a perpetual inventory system is used.
An entry debiting inventory and crediting cost of goods sold would be made when
Merchandise is sold and periodic inventory system is used
Merchandise is sold and perpetual inventory system is used Merchandise sold is returned and the perpetual inventory system is used Merchandise sold is returned and the periodic inventory system is used