When a point of sale system is used and a customer checks out through a cash register, which of the following processes occur?
A)Net income is computed
B)Inventory values are updated
C)Accounts payable balances are updated
D)Replacement inventory is purchased

Question

Quizplus · Accepted Answer

When a customer checks out through a cash register, the point of sale system will update the inventory values by reducing the quantity of the sold item from the inventory. This allows the business to keep track of its current inventory levels and reorder items when necessary. The computation of net income and the update of accounts payable balances occur separately and are not directly related to the use of a cash register. The purchase of replacement inventory may occur at a later time, but it is not a direct process that occurs during the checkout process.

When a Point of Sale System Is Used and a Customer