Homework SourseA buyer using a perpetual inventory system records the cost
A buyer using a perpetual inventory system records the cost of shipping merchandise it purchases in a Delivery Expense account.
True or false
A buyer using a perpetual inventory system records the cost of shipping merchandise it purchases in a Delivery Expense account.
True or false
True or false
Solution
The statement Is False
In case of perpetual Inventory system ,cost of shipping on merchandise purchased is debited or added to cost of merchandise purchased and not debited to delivery expense account .
