In a perpetual inventory system,the entry to record the inventory purchased includes a credit to Cost of sales.

Name: In a perpetual inventory system,the entry to record the inventory purchased includes a credit to Cost of sales.
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In a perpetual inventory system, the entry to record the inventory purchased includes a debit to inventory and a credit to accounts payable. Cost of sales is not affected until the inventory is sold.

In a Perpetual Inventory System,the Entry to Record the Inventory