Question

The purchases journal of a business that uses the periodic inventory system will include a column titled​ ________. A. Merchandise Inventory DR B. Accounts Payable DR C. Purchases DR D. Cost of Goods Sold DR

Answer 1

C. Purchases DR

Step-by-step explanation:

Based on the information given the purchases journal of either a business or company which makes use of PERIODIC INVENTORY SYSTEM

will include a column that is titled PURCHASES DR reason been that PERIODIC INVENTORY SYSTEM is a type of inventory system in which inventory are be updated only on periodic basis

which simply means that their is no inventory record that are up to date when a business or a company makes use of PERIODIC INVENTORY SYSTEM.

Therefore the purchases journal of a business which makes uses of periodic inventory system will include a column titled​ PURCHASES DR