If Inventory is debited and Accounts Payable is credited, then the company uses the ______. periodic inventory

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If Inventory is debited and Accounts Payable is credited, then the company uses the ______.

periodic inventory system and is recording the results of its physical inventory count

perpetual inventory system and is recording the sale of goods on account to its customer

perpetual inventory system and is recording a purchase on account

periodic inventory system and is recording the sale of goods on account to its customer

Related Book For answer-question

Financial Accounting

ISBN: 978-0134564142

6th Canadian edition

Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin

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Posted Date: Oct 20, 2023 08:18 AM

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If Inventory is debited and Accounts Payable is credited, then the company uses the ______. periodic inventory

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Financial Accounting

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