Question: no need to explain just need option Under the perpetual inventory system, the correct entry for a merchandise purchased on account is a. Merchandise inventory


Under the perpetual inventory system, the correct entry for a merchandise purchased on account is a. Merchandise inventory Dr / Account payable Cr O b. Purchases Dr / Account payable Cr c. Account payable Dr / Merchandise inventory Cr d. Account payable Dr / Purchases Cr Next page When a transaction is completely omitted in the books of account of a business is called as? O a. Error of principle b. Error of posting c. Error of omission O d. Error of commission NE is a detailed list to support a control account. O a. Current asset of O b. Subsidiary ledger Gion c. Balance sheet d. Journal page Jump to
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