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Which of the accounts would appear on a worksheet

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Reference no: EM132817983

Problem 1: which of the following accounts would not appear on a worksheet for a merchandising entity that uses the periodic inventory system?

a. Cost of Goods Sold

b. Purchases

c. Sales Returns and Allowances

d. Transportation.

Problem 2: Which of the following accounts would appear on a worksheet for a merchandising entity that uses the perpetual inventory system?

a. Cost of Goods Sold

b. Income Summary

c. Purchases

d. Purchases Returns and Allowances

Reference no: EM132817983

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