Which of the following items does not result in an adjustment in the merchandise inventory account 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 merchandise inventory account is adjusted for purchases, returns, and freight costs related to acquiring inventory. Freight costs for goods shipped to a customer are considered a selling expense, not an inventory adjustment.

Which of the Following Items Does Not Result in an Adjustment