In a perpetual inventory system the Cost of Goods Sold accou

In a perpetual inventory system, the Cost of Goods Sold account is used only when a cash sale of merchandise occurs. only when a credit sale of merchandise occurs. only when a sale of merchandise occurs whenever there is a sale of merchandise or a return of merchandise sold

Solution

Ans: Option D

In a perpetual inventory system, the Cost of Goods Sold account is used whenever there is a sale of merchandise or a return of merchandise sold