127k views
4 votes
a retailer acquires merchandise for resale. how would this be recorded in a perpetual inventory system?

User BigJ
by
7.9k points

1 Answer

4 votes
Debited to the inventory account.


Hope this helps!
User Boris Charpentier
by
8.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.