Question: Question 1 1 pts Which account does a merchandiser use that a service company does not use? cost of goods sold depreciation expense Supplies inventory

Question 1 1 pts Which account does a merchandiser use that a service company does not use? cost of goods sold depreciation expense Supplies inventory Unearned revenue Question 2 1 pts A perpetual inventory system keeps inventory continuously updated. does not maintain control over inventory as strongly as a periodic inventory system does updates inventory at the end of the month, based on a physical count. is used by both merchandising companies and service companies
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
