In a retail business that uses a perpetual inventory system,scanning a bar code:
A)calculates the amount owed by the customer.
B)identifies the item sold to be removed from the Inventory account.
C)identifies the item sold to be recorded in the Cost of Goods Sold account.
D)all of the answers are acceptable.

Question

Quizplus · Accepted Answer

Scanning a barcode in a retail business using a perpetual inventory system accomplishes all of the listed actions: it calculates the amount owed by the customer, identifies the item to be removed from the Inventory account, and records the item in the Cost of Goods Sold account.

In a Retail Business That Uses a Perpetual Inventory System,scanning