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Find which account does a merchandiser

Assignment Help Financial Accounting
Reference no: EM132745793

Problem 1: Which account does a merchandiser. but not a service entity use?

a. Sales

b. Inventory

c. Cost of Goods Sold

d. All of the above

Problem 2: The two main inventory accounting systems are the following

a. purchase and sale,

b. returns and allowances.

c. cash and accrual.

d. perpetual and periodic.

Reference no: EM132745793

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