Question: B.2 C. 100 D. 1,000 E. There is no limit. 25. What is the accounting effect of a goods receipt that is recorded in the

B.2 C. 100 D. 1,000 E. There is no limit. 25. What is the accounting effect of a goods receipt that is recorded in the external procurement process? A. Inventory increases as an inventory account is debited B. Inventory decreases as an inventory account is credited C. Goods receipt increases as a goods receipt account is debited D. Goods receipt increases as a goods receipt account is credited E. Both B and C Page 5 of 8

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