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ENTREP 10 QUIZ 4.1

Authored by pioquinto fajardo

Education

10th Grade

Used 5+ times

ENTREP 10 QUIZ 4.1
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5 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  1. Perpetual inventory system is the ________record of your inventory.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  1. _________ is considered as "real-time" inventory tracking.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  1. What is the debit entry for this transaction under perpetual inventory system?

    Purchased goods on credit

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  1. Paid freight . ( Credit entry only use Perpetual Method)

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  1. Sold goods on account P500. Cost of sales is 5%, how much is the computed cost of sales?

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