Question: his Question: 1 pt of 23 (2 complete) When purchasing inventory on account in a perpetual inventory system. which of the following is TRUE? O

 his Question: 1 pt of 23 (2 complete) When purchasing inventory

his Question: 1 pt of 23 (2 complete) When purchasing inventory on account in a perpetual inventory system. which of the following is TRUE? O A. GAAP does not allow inventory to be purchased on account O B. The average costing method requires a credit to inventory LIFO and FIFO inventory valuation methods require a debit to inventory while all others requre a debit to purchases O D. The journal entry would be exactly the same for all inventory costing methods

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