Which inventory system would have a purchases account? Group of answer choices Perpetual FIFO LIFO Periodic
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- What is just-in-time (JIT) inventory system?In the Purchasing Process - Level 0 Diagram, a data flow called "inventory's purchase requisition" most likely would be sent by the inventory management process to which of the following processes? Group of answer choices a. order goods and services b. receive goods and services c. determine requirements d. none of the above.Inventory purchased on credit in the periodic system, select one?
- What are the important factors in using a perpetual inventory system?Which of the following accounts would normally have adebit balance?a. Inventoryb. Sales Returns and Allowancesc. Sales Discountsd. All of the aboveWhich inventory system records both sales and cost of goods sold at the point of sale? Group of answer choices Periodic LIFO Perpetual FIFO