When using a periodic inventory method, what account is increased when you buy m


label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

When using a periodic inventory method, what account is increased when you buy merchandise inventory?

A. Cost of Goods Sold

B. Beginning Inventory

C. Ending Inventory

D. Purchases

Jan 20th, 2015
the Purchases account is debited when merchandise is bought
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Jan 20th, 2015

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Jan 20th, 2015
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Jan 20th, 2015
Nov 21st, 2017
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