Why do sales transactions under a perpetual inventory system require two journal entries?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 02:29 AM

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Why do sales transactions under a perpetual inventory system require two journal entries?

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There are two journal entries involved in every sales transaction ...View the full answer

Cornerstones of Financial and Managerial Accounting

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