Under a perpetual inventory system, acquisition of merchandise for resale is debited to the Cost of Goods Sold account. the Supplies account. the Inventory account. the Purchase…

Question

asked Mar 22, 2021 106k views

1 Answer

Lalit Kumar B · Answer 1 · 2021-03-28T01:58:31+0000

Answer:

C. the Inventory account.

Step-by-step explanation:

Under a perpetual inventory system, acquisition of merchandise for resale is debited to the Inventory account.