Which of the following items will not result in an adjustment to the inventory account balance under a perpetual system?
A)A purchase of merchandise
B)A return of merchandise inventory to the supplier
C)Payment of freight costs for goods shipped to a customer
D)Payment of freight costs for goods received from a supplier

Question

Quizplus · Accepted Answer

In a perpetual inventory system, the inventory account is adjusted for purchases, returns, and freight costs related to acquiring inventory. However, freight costs for goods shipped to a customer are considered a selling expense and do not affect the inventory account.

Which of the Following Items Will Not Result in an Adjustment